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The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – increased from 170.9 to 177.2.The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – declined from 112.4 last month to 107.0 this month.The percentage of consumers claiming business conditions are “good” increased from 39.9 percent to 42.0 percent, while those saying business conditions are “bad” decreased from 11.2 percent to 9.8 percent.Consumers’ appraisal of the job market was also more favorable.declined marginally in August, following July’s rebound.The Index now stands at 135.1 (1985=100), down from 135.8 in July.Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. About NIELSEN Nielsen Holdings plc (NYSE: NLSN) is a global performance management company that provides a comprehensive understanding of what consumers watch and buy.
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“Consumer confidence was relatively unchanged in August, following July’s increase,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board.
“Consumers’ assessment of current conditions improved further, and the Present Situation Index is now at its highest level in nearly 19 years (Nov. Expectations cooled moderately, but overall remain strong.
The proportion expecting more jobs in the months ahead decreased marginally from 19.9 percent to 19.7 percent, while those anticipating fewer jobs increased from 11.1 percent to 13.6 percent. Subscription information and the technical notes to this series are available on The Conference Board website: https://
Regarding their short-term income prospects, the percentage of consumers expecting an improvement decreased from 24.9 percent to 23.8 percent, however, the proportion expecting a decrease declined, from 6.6 percent to 5.8 percent. About The Conference Board The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead.