Consumer confidence in the US declined in August against the expected growth

In August, the US consumer confidence index fell to 95.3 from 97.9 in July, the lowest since September 2017, preliminary data from the University of Michigan showed. Analysts had predicted growth to 98.5 points. The attitude of American consumers to the current financial situation deteriorated to 107.8 points from 114.4 points a month earlier. This is the most significant decline since August 2011. The indicator of consumer expectations for the next six months did not change, keeping the level at 87.3 points. The outlook in the midterm remained at 2.9%, and for the long term it was growing from 2.4% to 2.5%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong