Consumer confidence improves in August

C.A.R. Newsline Brought to you by the California Association of REALTORS®
Consumer confidence rebounded in August, following a decline the previous month, according to The Conference Board's Consumer Confidence Index. The Index rose two points in August and now stands at 105.6 (1985=100). The Present Situation and Expectations Indices also increased, climbing to 123.6 and 93.7, respectively.

According to The Conference Board's report, the Present Situation Index has reached its highest level in four years, suggesting that consumers are confident in the current state of the economy. In August, the proportion of consumers claiming jobs are plentiful outnumbered those who claim jobs are hard to get. Additionally, the percentage of consumers anticipating their incomes to increase in the months ahead improved to 19.8 percent from 18.6 percent the previous month.

More info