Retail News

Inflation, COVID push consumer confidence to six-month low

Yahoo Finance 08/31/2021

Although the Conference Board’s latest report shows drooping consumer confidence in August due to anxiety over surging COVID-19 infections and rising prices — home prices, in particular — there were also signs that spending was shifting from consumer goods to services, such as those related to vacation travel. Further, the Board’s labor market differential metric maintained a decently-high reading of 42.8 for August, up from 44.1 in July, indicating that the population sees jobs as fairly plentiful.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!