From Prnewswire · The Conference Board · · 1m 10s
US Consumer Confidence Drops in September
Consumer confidence falls as business and job outlooks worsen.
In brief
Consumer confidence falls as business and job outlooks worsen. US consumer confidence dropped to 81.9 in September after two months of decline, with business conditions and job market expectations worsening. Originally reported by Prnewswire.
September Consumer Confidence Falls
The Conference Board Consumer Confidence Index dropped 6.7 points to 81.9 in September.
Present Situation Index Deteriorates
Business conditions and job market views worsened, with 20.4% saying conditions were bad.
Expectations Index Slips
Expectations for business and jobs declined, with 25.4% expecting conditions to worsen.
Labor Market Views Soften
More consumers reported jobs were hard to get, with 21.9% saying conditions were bad.
Income Expectations Decline
Fewer consumers expected income to rise, with 17.9% anticipating increases.
Consumer Confidence Drops
Confidence fell for the third month in a row, with business conditions becoming negative.
Inflation Expectations Rise
Average 12-month inflation expectations increased to 6.1%.
Interest Rate Expectations Grow
68.4% of consumers expect higher interest rates within the next year.
Vacation Plans Hold
42.6% plan domestic vacations within six months, up slightly from August.
The big picture
US consumer confidence dropped to 81.9 in September after two months of decline, with business conditions and job market expectations worsening.
