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US consumer confidence falls in August to lowest in 6 years - Black News Channel

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By Martin Crutsinger AP Economics Writer WASHINGTON (AP) — U.S. consumer confidence fell for the second consecutive month, sinking to the lowest levels in more than six years as a resurgence of COVID-19 infections in many parts of the country heightened pessimism. The Conference Board, a New York research organization, reported Tuesday that its Consumer Confidence Index declined to a reading of 84.8 in August, the lowest level since May 2014. The drop, which followed a July decline to 91.7, put the index 36% below its high point for the year reached in February, before the coronavirus began to seriously […]

The post US consumer confidence falls in August to lowest in 6 years appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
This Black Fact was brought to you by Center for Critical Race and Digital Studies

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