U.S. consumer confidence fell in August to its lowest level since 2014, as households grew worried about their financial conditions and job prospects, casting doubts on the vigor of the economic rebound from the COVID-19 recession.
The Conference Board said its Consumer Confidence Index was 84.8 in August, down from 91.7 in July. Its Present Situation Index, which is based on consumers’ assessments of current business and labor market conditions, recorded an even sharper decline, falling from 95.9 to 84.2 for the month.
