Consumer Confidence Rises in August
U.S. consumer confidence unexpectedly rose to 53.5 in August, the Conference Board said, as Americans became somewhat more positive about the short-term outlook for the economy.
U.S. consumer confidence unexpectedly rose to 53.5 in August, the Conference Board said, as Americans became somewhat more positive about the short-term outlook for the economy.
The downward slide in consumer confidence continued in July, falling to a five-month low and providing yet another sign that the U.S. economic recovery may have lost some of its momentum. The big concern for Americans? No, surprise, it's still jobs.
The Conference Board reports that every component of its consumer confidence index dropped in June, and one can clearly see what's weighing on the minds of consumers: America's woeful job market.
American consumers expressed slightly more positive views on the economy in March. Even so, consumers are still fairly pessimistic when it comes to their prospects for employment and income over the next few months.





