While both components of the index — Americans’ ratings of current economic conditions and their perceptions of the economy’s direction — were down in August, the outlook dimension slipped more, falling three points to -26, from -23. As a result, Americans’ economic outlook is now worse than in any month since December 2011.
Consumer perceptions of current economic conditions have not varied much in 2012. The -29 rating for August is just one point below the July average, and similar to levels seen from January through March.
........As you post your comment, please conform to Right Angles's simple comment policy: we welcome all perspectives, but require that comments be both civil and respectful. If you wouldn't say it to a co-worker in front of your boss, it probably is not civil and respectful. We will delete any comment that fails this test and issue a warning to the poster. A second offense will result in a ban on commenting on this site. In sum, disagreements, arguments even, are welcome; abusive behavior is not. Thanks.
You must be logged in to post a comment.