September Consumer Confidence first appeared on Floating Path.
U.S. consumer confidence decreased to a reading of 86.0 (1985=100) in September, as published this morning by The Conference Board. This compares to a revised reading of 93.4 in August.
The Present Situation Index component decreased to 89.4 from 93.9, while the Expectations Index component decreased to 83.7 from 93.1.
Says Lynn Franco, Director of Economic Indicators at The Conference Board: “Consumer confidence retreated in September after four consecutive months of improvement. A less positive assessment of the current job market, most likely due to the recent softening in growth, was the sole reason for the decline in consumers’ assessment of present-day conditions. Looking ahead, consumers were less confident about the short-term outlook for the economy and labor market, and somewhat mixed regarding their future earnings potential. All told, consumers expect economic growth to ease in the months ahead.”
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The U.S. consumer sentiment index, reported by the University of Michigan, increased to 84.6 in September from 82.5 in August.
The recent trend: