U.S. consumer confidence registered at 97.4 in August, down 1.3 points from the adjusted July reading, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions declined 1.6 points in August to 131.2. The short-term outlook index for the income, business, and labor markets fell 1.2 points from July to 74.8, remaining below the 80-mark for the seventh straight month, indicating a potential recession. See The Conference Board
