US consumer confidence rises in August as Americans’ optimism about future improves

2024-12-24 11:06:19 source: category:Stocks

American consumers felt more confident in August as their outlook for the future improved.

The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 103.3 in August from 101.9 in July.

The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.

The measure of Americans’ short-term expectations for income, business and the job market rose to 82.5 from 81.1 in July.

Consumers’ view of current conditions rose to 134.4 in August from 133.1 last month.

Consumer spending accounts for nearly 70% of U.S. economic activity and is closely watched by economists for signs how the American consumer is feeling.

More:Stocks

Recommend

Groups seek a new hearing on a Mississippi mail-in ballot lawsuit

Follow AP’s coverage of the election and what happens next. JACKSON, Miss. (AP) — A federal appea

RFK Jr. backs out of his own birthday fundraiser gala after Martin Sheen, Mike Tyson said they're not attending

Robert F. Kennedy Jr. is backing out of his own birthday fundraiser gala after celebrity guests Mart

China says it will launch its next lunar explorer in the first half of this year

BEIJING (AP) — China’s space agency said Wednesday that its latest lunar explorer had arrived at the