Consumer Confidence Falls in August
4 Articles
4 Articles
The University of Michigan index stood at 51.7 points in August, with a slight review rising from 51 points in a preliminary reading.
A survey released by the University of Michigan on the 28th showed that U.S. consumer confidence declined in August, reflecting public concerns about soaring inflation, while the Middle East conflict continues to put pressure on the world's largest economy. According to AFP, Joanne Hsu, director of the University of Michigan's consumer confidence survey, stated, "Consumer confidence is consistent with the preliminary data released earlier this m…
The University of Michigan's index of US consumer confidence fell to 51.7 in August compared to 55.2 in July.
Consumer confidence in the United States fell in August, according to data released this Friday, reflecting concerns about persistent inflation as the war in the Middle East weighs on the world's largest economy.The University of Michigan index stood at 51.7 points in August, with a slight upward revision compared to 51 points in a preliminary reading.This was a setback compared to 55.2 points in the July reading.
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