August Consumer Confidence Downside Surprise
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Conference Board indicator registers decline relative to downwardly revised July confidence:
Figure 1: U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Source: UMichigan, Gallup, Conference Board, and author’s calculations.
While perceptions of current conditions improved, expectations declined and remain mired at low levels.
Figure 1: U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Source: UMichigan, Gallup, Conference Board, and author’s calculations.
While perceptions of current conditions improved, expectations declined and remain mired at low levels.
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