Consumers reported better assessments of current business conditions and a modestly improved outlook for the next six months. Both measures rose in August, suggesting households see momentum outside the labor market. | Economy
U.S. consumer confidence edged lower in August but remained stronger than expected, as brighter views of business conditions offset persistent worries about jobs.
The Conference Board’s Consumer Confidence Index registered 97.4, above the consensus forecast of 96.4. The decline from July was driven by an upward revision of that month’s estimate to 98.
