Consumers more confident in the economy in August
The Economic Tendency Indicator, which summarises how firms and consumers view the economy, climbed for a second month from 103.2 in July to 104.6 in August. All four subdivisions of the business sector contributed to the increase, and consumer sentiment also improved. The business sector indicators all point to a stronger situation than normal, while the consumer indicator is in line with the historical average.Strong situation across the business sector The confidence indicator for the manufacturing industry edged up from 104.2 in July to 104.8 in August, exceeding the historical