U.S. consumer confidence probably improve in September

Today the Conference Board will release its measure of consumer confidence survey and a recovery is expected after the sharp decline of August. The decrease in gasoline prices should encourage the confidence during September.Piet Lammens, economist at KBC Bank stated that September consumer confidence will reveal some improvement, as showed the Michigan survey, but as the Conference Board measure is more linked to labour market conditions and less to finances the improvement could be more tepid. “In August the headline index dropped to 99.6 from 107 in July. So the survey won’t recoup all of August losses and the risks versus consensus seems still a bit skewed to the downside,” he added.