“The Conference Board Consumer Confidence Index® rose in August to 103.3 (1985=100), from an upwardly revised 101.9 in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions – improved to 134.4 from 133.1 in July.”
“The Expectations Index – based on consumers’ short-term outlook for income, business, and labor market conditions – also improved in August to 82.5. As the Expectations Index for July was revised up to 81.1, August marked the second consecutive month of the Index above 80. (A reading below the threshold of 80 usually signals a recession ahead.) The cutoff date for the preliminary results was August 21, 2024,” says a press release from the Consumer Confidence eggheads.