Suitably Flip

Consumers Get Their Pessimism On

The Consumer Confidence index for August slipped from 107 to 99.6, its lowest level in nine months, says the Conference Board.

"Consumer confidence lost significant ground in August and is now at its lowest level this year," says Lynn Franco, Director of The Conference Board Consumer Research Center. "Less favorable business conditions coupled with a less favorable job scenario have resulted in the largest one month decline in confidence since Hurricane Katrina last year. Looking ahead, the glass remains half empty as consumers are growing increasingly more pessimistic about the short-term outlook."

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Consumers Get Their Pessimism On

The Consumer Confidence index for August slipped from 107 to 99.6, its lowest level in nine months, says the Conference Board.

"Consumer confidence lost significant ground in August and is now at its lowest level this year," says Lynn Franco, Director of The Conference Board Consumer Research Center. "Less favorable business conditions coupled with a less favorable job scenario have resulted in the largest one month decline in confidence since Hurricane Katrina last year. Looking ahead, the glass remains half empty as consumers are growing increasingly more pessimistic about the short-term outlook."