Maraaz 
The consumer confidence index, measured by the University of Michigan in the USA, increased by 0.3 points to 72.8 in August compared to the previous month and followed a course above the market expectations.
The University of Michigan announced the consumer confidence index leading data for August, prepared in line with the trends of American consumers.
Accordingly, consumer confidence increased by 0.3 points in August compared to the previous month and rose to 72.8.
Consumer confidence, which could not maintain the recovery trend it caught in May and June with the start of economic normalization in July, was expected to reach 72 in August. The index had declined to 72.5 in July.
The current economic conditions index, which measures Americans’ assessment of current financial conditions, fell 0.3 points monthly to 82.5 in August.
The consumer expectations index, which reflects the long-term predictions of consumers, rose by 0.6 points monthly to 66.5 in the same period.
Chief economist Richard Curtin, whose views were quoted in the statement, stated that there was no major change in consumer confidence at the beginning of August.
Curtin stated that general confidence in economic policies fell to the lowest level since US President Donald Trump took office.
Pointing out that the bad economic process is predicted to take longer, Curtin noted that the majority of consumers think that a period of uninterrupted growth will not return in the next 5 years.
