US Consumer Confidence dropped slightly to 135.1 in August, down from 135.8 but beat expectation of 129.0. Present Situation Index rose from 170.9 to 177.2. Expectations Index dropped from 112.4 to 107.0.
Lynn Franco, Senior Director of Economic Indicators at The Conference Board said: “While other parts of the economy may show some weakening, consumers have remained confident and willing to spend. However, if the recent escalation in trade and tariff tensions persists, it could potentially dampen consumers’ optimism regarding the short-term economic outlook.”
