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Post by bot on Aug 30, 2013 12:13:51 GMT -5
U.S. consumer confidence rises slightly in August WASHINGTON (MarketWatch) - The consumer confidence index rose slightly in August to 81.5 from 80.0 in July, the Conference Board said Tuesday. The increase beat the forecast of economists polled by MarketWatch, who expected the index to decline to 78.0. The future expectations index rose to 88.7 from 86.0 in July. The present situation index, however, fell to 70.7 from 73.6. "Consumer confidence increased slightly in August, a result of improving short-term expectations," said Lynn Franco, director of economic indicators at the Conference Board. "Consumers were moderately more upbeat about business, job and earning prospects."
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