Americans’ View of the Economy Sinks to the Lowest Level Since 2014, Conference Board Survey Says
The Conference Board said pessimism deepened as 68% of respondents expect higher interest rates and views of current business conditions turned negative.
- On Tuesday, The Conference Board reported the Consumer Confidence Index fell 6.7 points to 81.9 in September, marking the lowest level in more than 12 years.
- Consumers reported deteriorating views on current business and labor market conditions, with write-in responses citing "high cost of goods and services" and oil prices, according to Dana Peterson, Chief Economist at The Conference Board.
- The Present Situation Index retreated 7.9 points to 109.3, while The Expectations Index slipped 5.9 points to 63.6, its third consecutive monthly decline.
- With 68.4% of consumers anticipating higher interest rates over the next 12 months, inflation expectations rose sharply, and net views of family finances turned negative for the second time in four years.
- Concerns over a potential United States recession intensified as 25.4% of consumers expected worsening business conditions, reflecting broader uncertainty amid ongoing geopolitical tensions and the Federal Reserve's recent interest rate hike.
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147 Articles
Donald Trump Has a Problem He Can’t Seem to Fix: Consumer Confidence is Falling in the United States
American consumer confidence fell sharply in September, according to the Conference Board, with views of current business conditions turning negative for the first time in two years. Consumers are planning to cut back on dining out and streaming, and the slide is more bad news for President Trump ahead of the midterms.
Conference Board Reports: Consumer Confidence Drops for Third Straight Month to 2014 Lows
The Conference Board reported Tuesday, Sept. 29, that its consumer confidence index fell to 81.9 in September, down 6.7 points from August. The reading is the lowest since 2014, when sentiment was rebounding from below 30 during the financial crisis, the board's report stated. The decline marks the third consecutive monthly drop in the index, which measures Americans' attitudes toward current economic conditions and their expectations for the ne…
The consumer confidence index dropped during September 6.7 points to 81.9 points, according to The Conference Board data
Consumer Confidence Fell to Its Lowest Level Since 2014 and Consumer Stocks Are Already Paying for It
Consumer confidence just hit its worst level in over a decade, yet the stocks that depend on American shoppers are barely flinching. Understanding why that calm exists, and how long it can last, matters far more than the headline number.
The fall was caused by the rise of gasoline and oil in the midst of the conflict with Iran and the proximity of the mid-term elections.
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