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Aug
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Consumer confidence up in August

U.S. consumer confidence rebounded in August to the strongest reading in seven months after having fallen sharply in July.  The Conference Board said Tuesday that its index of consumer confidence increased to 101.5 in August, up from a revised July reading of 91.0. It was the best showing since January.

Consumer expectations about current conditions were more favorable in August with consumer opinions about the job market considerably more favorable. Those who viewed jobs as “plentiful” increased from 19.9 percent in July to 21.9 percent in August. Those who viewed jobs as “hard to get” decreased from 27.4 percent in July to 21.9 percent in August.

Analysts said the jump in consumer confidence should support stronger consumer spending in coming months.

While the recent turbulence in the stock market could rattle consumers’ nerves, analysts said the stock market turmoil would likely be offset by the steep decline in oil prices, which leaves consumers with more money to spend.

Source: Associated Press


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About Arthur De Gennaro


My friends call me Art. Welcome to my blog. In this space you’ll find information and comments on the ophthalmology world, the optical industry, the hearing industry and medical practice management. My intent is to provide information you can use to improve your business and your own performance. Please visit often and feel free to join the discussions by leaving comments.

You can learn more about me and my consulting company, Arthur De Gennaro & Associates, LLC by visiting my web site www.adegennaro.com

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