Consumer Confidence Falls In September

Summary

• The Conference Board's Consumer Confidence Index fell in September after notching a six-month high in August.
• The Present Situation Index, which is based on consumers' assessment of current business and labor market conditions, decreased to 124.3 from 134.6 in August.
• The GDP regression has a slight negative slope while consumer confidence has been increasing over the same time frame (since the late 1970s).

Henrik5000/iStock via Getty Images

The Conference Board's Consumer Confidence Index® fell in September after notching a six-month high in August. The index declined to 98.7 this month from August's upwardly revised 105.6. This month's reading was worse than expected, falling short of the 103.9