A slight drop in consumer confidence in August negated some gains from July and continued a downward trend. The index fell by 1.3 points in August to 97.4.
Aug. 26 A slight drop in consumer confidence in August negated some gains from July and continued a downward trend that began at the start of 2025, the Conference Board said Tuesday.
The Conference Board Consumer Confidence Index fell by 1.3 points in August to 97.4, down from 98.7 in July. This figure was higher than economists expected.
A jobs report released by the U.S. Bureau of Labor Statistics on Aug. 1 showed a sharp cooldown of the labor market, which contributed to the slight dip.
However, the overall inflation rate stands at 2.7%, below the 3% rate in January, before Trump took office.
Some recent indicators have suggested an economic slowdown. A report on gross domestic product late last month indicated average annualized growth of 1.2% over the first half of 2025, well below 2.
