- Rising costs of goods and gas prices, coupled with income divides, are impacting consumer spending and stock market performance.
- Consumer confidence indices declined to record lows due to sustained high prices and inflation outpacing wage growth.
- High interest rates and inflation are negatively impacting buyer budgets in the U.S. boating market.
The Conference Board reported that the Consumer Confidence Index fell to 68.2, signaling recession risk.
1 report, 1 independent
Updated Aug 31
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What happened
The Conference Board reported that the Consumer Confidence Index fell to 68.2, signaling recession risk.
Who's involved
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The entities involved
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Conference Board
nonprofit organization in Brussels, Belgium