US consumer confidence for August 103.2 vs. 97.7 estimate

US consumer confidence for August 2022

• consumer confidence better-than-expected at 103.2 vs. 97.7 estimate.
• The prior month was revised to 95.3 from 95.7
• present situation 145.4 in August vs. 139.7 in July (was 141.3)
• expectations index 75.1 in August vs. revised 65.6 in July (was 65.3)
• US jobs hard to get index 11.4 in August vs. July 12.4 (was 12.3)
• one year consumer inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations 7.0% vs. 7.4% in July (was 7.6%)

A nice bump up in the consumer confidence which runs parallel to the lower oil prices and congruent with the Michigan consumer sentiment data as well.