Tuesday, August 31, 2010

Consumer Confidence Jumps Slightly... Flat Year over Year

The Conference-Board details confidence is just about where it was a year ago (did a recovery actually take place?):

Says Lynn Franco, Director of The Conference Board Consumer Research Center: “Consumer confidence posted a modest gain in August, the result of an improvement in consumers’ short-term outlook. Consumers’ assessment of current conditions, however, was less favorable as employment concerns continue to weigh heavily on consumers’ attitudes. Expectations about future business and labor market conditions have brightened somewhat, but overall, consumers remain apprehensive about the future. All in all, consumers are about as confident today as they were a year ago (Aug. 2009, 54.5).
July vs. August

Month over Month Change