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U.S. consumer confidence retreats markedly in August, close to levels signaling recession

Por: MarketWatch Business August 29, 2023

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Key details: Part of the survey that tracks how consumers feel about current economic conditions fell to 114.8 this month from 153 in July.  A gauge that assesses what Americans expect over the next six months dropped to 80.2 from 88. The August reading is just above to 80 level that historically signals a recession within the next year. Big picture: The tight labor market had bolstered confidence in June and July. The decline in August... + full article



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