US September Consumer Confidence Index Falls to 81.9, a 12-Year Low
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The Conference Board reported on the 29th that its September Consumer Confidence Index came in at 81.9, down 6.7 points from the previous month and below economists' forecast of 89.2, marking the lowest level in about 12 years, since 2014. The reading reflects households' expectations that both business activity and the labor market will deteriorate over the next six months. Dana Peterson, chief economist at the Conference Board, said, "Consumers' assessment of current business conditions turned negative for the first time since September 2024." She also noted that "perceptions of the current labor market also worsened, but remained in positive territory."