Consumer Confidence Declines in August

The Conference Board released today its Consumer Confidence Index report for August, 2012. The Index, which had shown improvement in July, declined in August.

"The Index now stands at 60.6 (1985=100), down from 65.4 in July. The Expectations Index decreased to 70.5 from 78.4. The Present Situation Index, however, was virtually unchanged, at 45.8 versus 45.9 a month ago," according to the report. This is the lowest point the Index has reflected since November, 2011.