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After improvement in July, consumers grew more pessimistic, Conference Board says.
August 30, 2011
By: TOM BRANNA
Editor
The Conference Board Consumer Confidence Index, which had improved slightly in July, plummeted in August. The Index now stands at 44.5 (1985=100), down from 59.2 in July, the group said. The Present Situation Index decreased to 33.3 from 35.7. The Expectations Index decreased to 51.9 from 74.9 last month. The monthly Consumer Confidence Survey , based on a probability-design random sample, is conducted for The Conference Board by The Nielsen Company, a leading global provider of information...
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