Consumer Confidence ‘Deteriorates’ in August

De Beers Beverly Hills store. Photo credit: Anthony DeMarco

The Conference Board Consumer Confidence Index, which improved slightly in July, plummeted in August. The Index now stands at 44.5 (1985=100), down from 59.2 in July. It is the lowest reading since April 2009. The Present Situation Index decreased to 33.3 from 35.7. The Expectations Index decreased to 51.9 from 74.9 last month.“