CONSUMER CONFIDENCE FALLS TO LOWEST LEVEL SINCE FEBRUARY

Key Points:

  • Consumer confidence fell 11.3 points in August to 113.8, the lowest since February 2021.
  • Consumer confidence also fell in July and was revised downward to 125.1.
  • The Present Situation Index, based on consumers’ assessment of current business and labor market conditions, fell to 147.3 from 157.2 last month.
  • The Expectations Index, based on consumers’ short-term outlook for income, business, and labor market conditions, fell to 91.4 from 103.8 last month.
  • The Right Facts will continue to monitor consumer confidence.
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