Consumer Confidence Surveys – As Of August 29, 2023

Advisor Perspectives had a post of August 29, 2023 (“Consumer Confidence Pulls Back in August“) that displays the latest Conference Board Consumer Confidence and University of Michigan Consumer Sentiment Index charts.  They are presented below:

(click on charts to enlarge images)

Conference Board Consumer Confidence Index 106.1

University of Michigan Consumer Sentiment Index 69.5

While I don’t believe that confidence surveys should be overemphasized, I find these readings and trends to be notable, especially in light of a variety of other highly disconcerting measures highlighted throughout this site.


The Special Note summarizes my overall thoughts about our economic situation

SPX at 4489.49 as this post is written