(The Conference Board) US Consumer Confidence Index fell to 109.3 in September, from 115.2 in August following renewed fears over the spread of the Delta variant.
The Present Situation Index dropped to 143.4 from 148.9 in August, suggesting dampened optimism in current labor and business market conditions.
The Expectations Index, which assesses short-term outlook, declined to 86.6, from 92.8 in August.
The fall in consumer confidence now happens after further declines in July and August. The index is now down by 19.6 from the July peak of 128.9.
Conference Board’s Lynn Franco says consumers have become more cautious and have curtailed spending in the wake of fresh uncertainties.
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