Consumer confidence drops to lowest level in more than a decade
Summary
Consumer confidence in the U.S. fell in September to its lowest level in more than ten years, according to the Conference Board. The consumer confidence index dropped to 81.9, down 6.7 points from August.Key Facts
- The Conference Board tracks consumer confidence, which measures how optimistic people feel about the economy.
- In September, the index was 81.9, the lowest since 2014.
- This represents a decrease of 6.7 points compared to August.
- Low consumer confidence can indicate concerns about the economy and may affect spending behavior.
- The drop shows that many people feel less positive about current or future economic conditions.
- September’s reading ended a period of higher consumer optimism seen earlier in the year.
- The 2014 level referenced was a recovery from even lower confidence during a previous economic slowdown.
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