India, Aug. 26 -- A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August.
The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
Economists had expected the consumer confidence index to slip to 96.4 from the 97.2 originally reported for the previous month.
The report said the present situation index, which is based on consumers' assessment of current business and labor market conditions, also fell to 131.2 in August from 132.8 in July.
"Notably, consumers' appraisal of current job availability declined for the eighth consecutive month, but stronger views of current business conditions mi...