WASHINGTON — People’ view of the U.S. economic system declined modestly in August as anxiousness over a weakening job market grew for the eighth straight month.
The Convention Board stated Tuesday that its shopper confidence index ticked down by1.3 factors to 97.4 in August, down from July’s 98.7, however in the identical slim vary of the previous three months.
The small decline in confidence was consistent with analysts’ forecasts.
A measure of People’ short-term expectations for his or her revenue, enterprise circumstances and the job market fell by 1.2 factors to 74.8, remaining considerably beneath 80, the marker that may sign a recession forward.
Customers’ assessments of their present financial scenario additionally fell modestly, to 131.2 in August from 132.8 in July.
