US Consumer Confidence Declines in August Amid Job and Business Concerns

US consumer confidence fell to its lowest level in seven months in August, primarily due to concerns about the job market and the business outlook. Elevated gas prices also contributed to the decline in consumer sentiment.

25 Aug, 14:03 — 25 Aug, 14:25

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Why this matters

Consumer confidence is a key economic indicator reflecting consumers' optimism about the economy, which influences spending and investment. A decline suggests potential headwinds for economic growth, impacting businesses and financial markets.

Key entitiesUS Consumers The Conference Board

The Story

What 3 sources agree on, dispute, and miss

What sources agree on

US consumer confidence declined in August
The decline was primarily driven by concerns over the job market and business outlook
The Conference Board's gauge of confidence decreased

Key claims2 agreed · 2 unverified

✓

US consumer confidence fell in August to the worst since the start of the year

agreed·bloombergglobe-and-mail

The Conference Board’s gauge of confidence decreased 0.8 points to 89.4

unverified·bloomberg

✓

US consumer confidence hits lowest level in seven months

agreed·globe-and-mailbloomberg

Gas prices remained elevated

unverified·globe-and-mail

Coverage gaps

The specific numerical decrease in the Conference Board's index (0.8 points to 89.4)

Reportedbloomberg

Missingglobe-and-mailseeking-alpha

The historical context of consumer confidence index readings consistently above 100 in late 2024 and early 2025

Reportedglobe-and-mail

Missingbloombergseeking-alpha

The sinking of the expectations index as a specific driver of the confidence slip

Reportedseeking-alpha

Missingbloombergglobe-and-mail

The Story

Analyzing sources…

Source Diversity

High (51/100)

3 sources25/33

Spectrum spread— 3/5 buckets covered17/33

Far L

Left1

Left (1)

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Center1

Center (1)

bloomberg

Right1

Right (1)

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Far R

Geographic diversity— 2 regions9/34

US2Canada1

Political spectrum

LeftCenterRight

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bloomberg

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Outlet rating This story

SourceOutletiGeneral editorial lean of the outletStoryiHow they covered this specific storyToneFactuality

globe-and-mailcentercenter-leftanalyticalHighContextualizes decline with gas prices

bloombergcentercenterneutralHighFactual reporting of economic data

Coverage leans: balanced

The coverage is largely neutral and factual, focusing on economic data without overt political framing, resulting in a balanced overall lean.

Sources

Showing 3 of 3 sources

bloombergHigh1h ago

US Consumer Confidence Falls on Jobs, Business Outlook

US consumer confidence fell in August to the worst since the start of the year as the Conference Board’s gauge of confidence decreased 0.8 points to 89.4 after a downward revision to the prior month. Michael McKee breaks down the data on Bloomberg Television. (Source: Bloomberg)

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globe-and-mailHigh1h ago