A woman is shopping at a Walmart supercenter store in Rosemead, California.
Frederic J. Brown | AFP | Getty Images
USA. Consumer confidence has slightly receded in August as optimism about the current situation has improved to its highest value since the end of 2000, offsetting the weakening prospects for economic conditions, the Conference Board announced on Tuesday.
The Group's Consumer Confidence Index dropped to 1
Reuters analysts forecast 129.5 for August.
"Expectations are moderately cool, but generally remain strong," said Lynn Franco, senior director of the Conference on Economic Indicators, in a statement. "While other parts of the economy may show some weight loss, consumers remain confident and willing to spend."
She warned that if the recent escalation of trade tensions between China and the United States continues, consumer expectations are likely to decline.  The survey expectation index dropped to 107.0 from the revised 112.4 in July.
On the other hand, the current situation indicator rose to 177.2 from 170.9. The latest figure is the highest since 179.7, registered in November 2000, the Conference reported.