CEA: Confidence Dropped in AugustAugust 29, 2012
The overall CEA Index of Consumer Expectations dropped 4.2 points, while the CEA Index of Consumer Technology Expectations dropped 0.6 points. The latter, however, reached its highest-ever level for the month of August.
"Consumer sentiment around the overall economy ebbed lower in August after steady rises over the prior two months,” Shawn DuBravac, CEA’s chief economist and senior director of research, said as part of the announcement. “The decline in sentiment over the summer months parallels the slide we saw in 2011, though not as sharply.”