U.S. consumer confidence fell to 89.4 in August, down from 90.2 in July and below the expected 90.3, according to data released Tuesday by The Conference Board.
The decline reflects persistent economic uncertainty, elevated inflationary pressures and growing concerns over a potential slowdown in activity, the report said. The index, which tracks consumers' short-term outlook on business conditions, employment and income, serves as a leading indicator for consumer spending—a key driver of U.S. economic growth.
The August reading marks a modest but notable retreat from the previous month, suggesting households remain cautious about near-term financial prospects. Analysts note that sustained weakness in sentiment could weigh on spending decisions, potentially dampening broader economic momentum in the coming quarters.
The Conference Board’s data, published at 10:00 a.m. ET, is based on a survey of approximately 5,000 U.S. households and is adjusted for seasonal variations. The index remains below the 100 threshold, a level historically associated with a more optimistic consumer outlook.
