Economics
U.S. Consumer Confidence Falls to Six-Month Low on Delta Variant
- Conference Board index dropped to 113.8, lowest since February
- Gauges of present situation and future expectations both fell
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U.S. consumer confidence dropped in August to a six-month low, suggesting concerns over the delta variant and elevated prices are weighing on Americans’ views of the economy now and in the coming months.
The Conference Board’s index fell to 113.8 from a revised 125.1 reading in July, according to the group’s report Tuesday. Economists in a Bloomberg survey had called for a decline to 123.