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U.S. Consumer Confidence Declines in August
The IBD/TIPP Economic Optimism Index slipped 1.2 points, or 2.5% in August, posting a reading of 46.9 vs. 48.1 in July. The index is 1.2 points below its 12-month average of 48.1, 2.5 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 2.3 points below its all-time average of 49.2. Note: Index readings above 50 indicate optimism; below 50 indicate pessimism. The IBD/TIPP Economic Optimism Index has a good track record of foreshadowing the confidence indicators put out later each month by the University of Michigan and The Conference Board. IBD/TIPP conducted the national poll ... (full story)