U.S. Consumer Confidence Surges to 103.3 in August, Highest Since March, Exceeding Expectations

Aug 27, 2024, 02:00 PM

The U.S. Consumer Confidence Index for August rose to 103.3, surpassing expectations of 100.8 and the forecast of 100.7, marking an increase from the previous month's revised figure of 101.9 and the initial previous figure of 100.3. This is the highest level since March 2024. The Present Situation Index, which reflects consumers' assessment of current business and labor market conditions, increased to 134.4 from 133.1. Meanwhile, the Expectations Index, which gauges consumers' short-term outlook for income, business, and labor market conditions, rose to 82.5 from 81.1.