Consumer confidence rose to 122.9 in the August Conference Board’s Consumer Confidence Index, up from 120 in July. Consumers finding business conditions to be “good” increased 2%, to 34.5%. Consumers also assessed that the labor market was improved, rating jobs are “plentiful” at 35.4%. Those claiming jobs were “hard to get” decreased from 18.7% to 17.3%. Optimism for the future in the short term stayed flat. The percentage of consumers who felt business conditions would improve over the next 6 months decreased slightly, while those who felt business would worsen declined about the same amount.
Stay up to date with the Confidence Index and several other Conference Board economic indicators by subscribing to Accelerated Analytics’ Retail Industry Briefing Book. The RIBB is a 50+ page monthly report that includes key retail and economic data such as retailer stock prices, macro economic indexes, weather outlooks and much more. Visit our RIBB subscription page to request a free subscription.
Source: Chain Store Age, The Conference Board
Related posts
