Tuesday, September 25, 2007

September Consumer Confidence Index Dips 6%

The Conference Board’s Consumer Confidence Index, fell 5.8% in September from the same month the year before to 99.8 (1985=100). The mark was 5.5% lower than August’s revised index.
"The Consumer Confidence Index is now at its lowest level in nearly two years,” said Lynn Franco, Director of The Conference Board Consumer Research Center. “Weaker business conditions combined with a less favorable job market continue to cast a cloud over consumers and heighten their sense of uncertainty and concern. Looking ahead, little economic improvement is expected and with the holiday season around the corner this is not welcome news."
Some 20.4% of consumers polled expect their incomes to increase over the next six months.

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