Consumer confidence dipped slightly in August after a big rebound in July.
The Conference Board, a business research group, said Tuesday that its consumer confidence index edged down to 135.1 in August, slightly below a July reading of 135.8, which had been the highest since November. Economists had been looking for a bigger drop in August.
Conference Board economists say that while other parts of the economy have shown some weakness, consumers have remained confident and willing to spend. The hope is that consumer spending can cushion the adverse effects to the U.S. economy from trade wars and a global slowdown. The overall economy, as measured by the gross domestic product, slowed to growth at an annual rate of 2.1% in the April-June quarter, compared to 3.1% GDP growth in the first quarter.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US stocks rally on optimism for a US-China trade war thawMARKETS: Technology and communications companies led stocks broadly higher as cautious optimism about the potential for progress in the costly trade war between the U.S. and China put investors in a buying mood.
Consulte Mais informação »
TV Shows to Watch the Week of August 26, 2019: ‘Carnival Row,’ ‘Dark Crystal’ DebutWelcome back to Tune In: our weekly newsletter offering a guide to the best of the week’s TV. Each week, Variety’s TV team combs through the week’s schedule, selecting our picks of what to watch an…
Consulte Mais informação »
NYSE short interest rose 4.4 percent in mid-AugustShort interest on the New York Stock Exchange rose 4.4 percent in mid-August, th...
Consulte Mais informação »
U.S. increasingly disappointed with Zimbabwe government: U.S. officialU.S. disappointment with Zimbabwe's government keeps growing amid the heavy...
Consulte Mais informação »
Nasdaq short interest up 1.84% in mid AugustShort interest on the Nasdaq rose 1.84% in mid-August, the exchange said on Mond...
Consulte Mais informação »
Massachusetts Woman Dies of Rare Mosquito-Borne Illness, 4th Person Infected in AugustMassachusetts woman dies of rare mosquito-borne illness, 4th person infected in August
Consulte Mais informação »