• U.S. Consumer Confidence Sags to 2011 Level

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”The Conference Board Consumer Confidence Index®, which had improved in July, declined in August. The Index now stands at 60.6 (1985=100), down from 65.4 in July. ”Says Lynn Franco, Director of Economic Indicators at The Conference Board: ‘The Consumer Confidence Index is now at its lowest level since late last year (Nov. 2011, 55.2). A more pessimistic outlook was the primary reason for this month's decline in confidence. Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations....’” Source: The Conference Board

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