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Higher Prices, Covid Surge Knock US Consumer Confidence to 6-Month Low

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

The U.S. consumer is feeling somewhat rattled these days. On Tuesday, The Conference Board’s Consumer Confidence Index declined 11.3 points in August, following a decrease in July that was also revised downward. The Index is now at 113.8, and represents its lowest level since February 2021 when the Index stood at 95.2. Both components of…

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