Notes on the Economy

Consumer Confidence Falls in August

The Consumer Confidence Index declined to 60.6 in August from 65.4 in July, the New York-based Conference Board reported yesterday. “A more pessimistic outlook was the primary reason for this month’s decline in confidence,” said Lynn Franco, director of the Conference Board’s Consumer Research Center. “Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations. Read more.



Home Prices Increase in July
The Standard & Poor's/Case-Shiller Home Price Index of 20 major cities rose 2.3 percent in June, the third straight monthly increase, the group said yesterday. Prices rose in all 20 cities tracked by the index, with Detroit, Chicago and Atlanta posting the highest monthly increases. 

--ABA Daily Newsbytes