According to Reuters, consumer confidence escalated in August as more consumers viewed their long-term economic outlook more favorably.
Reuters broke down the exact numbers:
The Conference Board, an industry group, said its index of consumer attitudes rose to 81.5 from 80.3 in July, beating economists' expectations for 79.0.
The expectations index rose to 88.7 from an upwardly revised 86. Consumers, however, were less optimistic about their current standing, with the present situation index slipping to 70.7 from July's more than five-year high of 73.6.
