The Conference Board’s Consumer Confidence Index, which had increased in July, rebounded in August. The Index now stands at 105.6 (1985=100), up from 103.6 in July. The Present Situation Index increased to 123.65 from 119.3. The Expectations Index edged up to 93.7 from 93.2 last month.
“Consumers appear to be weathering the steady rise in gas prices quite well,” said Lynn Franco, director of The Conference Board’s Consumer Research Center. “In fact, consumers’ confidence in the curren
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