The Conference Board Consumer Confidence Index, which had declined in July, increased slightly in August. The Index now stands at 81.5 (1985=100), up from 81 in July. The Present Situation Index decreased to 70.7 from 73.6. The Expectations Index increased to 88.7 from 86 last month.
Consumers’ assessment of current conditions declined moderately, with those stating business conditions are “good” decreasing to 18.4 percent from 20.8 percent, and those stating business conditions are “bad” remaining virtually unchanged at 24.8 percent.
Consumers’ expectations, which had retreated in July, increased in August. Those expecting business conditions to improve over the next six months edged up to 20.1 percent from 19.9 percent, and those expecting business conditions to worsen declined slightly to 11.1 percent from 11.3 percent.