Consumer Confidence Sinks in August

Consumer confidence, which surged in July, gave back all its gains in August, the Conference Board said Tuesday.

NEW YORK — Consumer confidence, which surged in July, gave back all its gains in August, the Conference Board here said Tuesday. “A softening in business conditions and labor-market conditions has curbed consumer confidence this month,” Lynn Franco, director of the Conference Board Consumer Research Center, said in a statement. The index, based on a sample of U.S. households, fell to 105.0 from 111.9 in July. Indices measuring consumers’ attitudes about the present situation and the short-term future also trended down during the month, the Conference Board figures showed.

Read More [3] of Today's Headlines