Consumer confidence in the United States deteriorated in September

By: Trademagazin editor Date: 2021. 09. 30. 11:00

Consumer confidence in the United States fell to a more-than-expected six-month low in September as a result of concerns about the rapid spread of a highly infectious delta mutation of the coronavirus and rising inflation.

US consumer confidence on six-month low

The Conference Board’s nonprofit economic research institute announced on Tuesday that its consumer confidence index fell from 115.2 points in August to 109.3 points, down 23.7 points from its pre-pandemic level. Analysts expected a better value of 114.5 points from September.

The sub-index for assessing the current situation has slipped from 148.9 points in August to 143.4 points. The indicator for the next six months, which quantifies income, economic and labor market expectations, fell from 92.8 points to 86.6 points in September. (MTI)