Conference Board August Consumer Confidence Index: 103.2 vs. 97.4 expected and 95.3 prior (revised from 95.7).
The measure fell after three straight months of declines as inflation fears eased some but still weigh on consumers' minds.
Present Situation Index to 145.4 from 139.7 (revised from 141.3).
Expectations Index to 75.1 from 65.6 (revised from 65.3).
"The Present Situation Index recorded a gain for the first time since March," said Lynn Franco, senior director of Economic Indicators at The Conference Board. "The Expectations Index likewise improved from July's 9-year low, but remains below a reading of 80, suggesting recession risks continue. Concerns about inflation continued their retreat but remain elevated."
Previously (Aug. 26), The University of Michigan consumer sentiment gauge rose more than expected in late August.
