Mumbai, Aug. 25 -- The US Conference Board Consumer Confidence Index decreased by 0.8 points to 89.4 (1985=100) in August, down from 90.2 in July. The Present Situation Index-based on consumers' assessment of current business and labor market conditions-rose by 6.8 points to 121.2, following three months of consecutive decline. The Expectations Index-based on consumers' short-term outlook for income, business, and labor market conditions-fell by 5.8 points to 68.2. The survey period for this month's preliminary results was August 3-16. Consumer confidence moderated for a second consecutive month.
Published by HT Digital Content Services with permission from Capital Market....