Confidence Rose in August

Confidence Rose in August

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The Consumer Confidence Index rose 2.5 points in August, to 53.5 from 51 last month, according to the Conference Board report released Tuesday.

“Consumer confidence posted a modest gain in August, the result of an improvement in consumers’ short-term outlook,” Lynn Franco, director of the board's consumer research center, said as part of the announcement.

“Consumers’ assessment of current conditions, however, was less favorable as employment concerns continue to weigh heavily on consumers’ attitudes.”

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