Economic Buzz: US consumer confidence moderates for second month in row

The US Conference Board Consumer Confidence Index decreased by 0.8 points to 89.4 (1985=100) in August, down from 90.2 in July. The Present Situation Index?based on consumers? assessment of current business and labor market conditions?rose by 6.8 points to 121.2, following three months of consecutive decline. The Expectations Index?based on consumers? short-term outlook for income, business, and labor market conditions?fell by 5.8 points to 68.2. The survey period for this month?s preliminary results was August 3?16. Consumer confidence moderated for a second consecutive month.

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