Consumer Confidence Index Falls Slightly in September
The Conference Board Consumer Confidence Index, which had increased slightly in August, decreased in September. The index now stands at 79.7 (1985=100), down from 81.8 in August. The Present Situation Index grew to 73.2 from 70.9.
The Expectations Index fell to 84.1 from 89.0 last month. Consumers’ appraisal of present-day conditions improved moderately. Those claiming business conditions are “good” increased to 19.5% from 18.7%, while those claiming business conditions are “bad” decreased to 23.9% from 24.5%.