US Consumer Confidence Dives in August
Skerdian Meta • 1 min read
As all other sectors of the global economy fell in deep recession during the lock-downs, the sentiment also deteriorated among consumers. But, the sentiment started improving again as the world reopened and US CB consumer confidence indicator headed towards 100 points in June, after falling to 85 points in April and May.
But it started turning lower again in July, falling to 92.6 points, which was revised lower, while this month’s report showed a further decline below 85 points. So, the sentiment is deteriorating pretty fast once again, as the protests and the end of the weekly cash payments have made citizens think twice about buying stuff.
US consumer confidence for August 2020
- August consumer confidence at 84.8 points vs 93.0 expected
- July consumer confidence was 92.6 points, revised to 91.7
- Present situation 84.8 point vs 94.2 prior
- Expectations 85.2 points vs 91.5 prior
- Jobs hard-to-get 25.2 points vs 20.1