The U.S. consumer confidence index dropped by 3.6 points in September, falling to 94.2 from 97.8 in August, according to the latest survey results published by the Conference Board, a U.S. non-profit research organization, on Tuesday.
The data, which is based on a benchmark of 100 points set in 1985, marked the lowest level registered since April this year, said the survey.
Meanwhile, the Present Situation Index, which is based on consumers' assessment of current business and labor market conditions, fell 7 points to 125.4. The Expectation Index, based on consumers' short-term outlook for income, business, and labor market conditions declined by 1.3 to 73.4, which is "below the threshold of 80 that typically signals a recession ahead since February 2025," said the report.
In particular, the survey noted that consumers' views of their current financial situation recorded the largest one-month drop since the institution began to collect the data starting July 2022.
US consumer confidence index falls to five-month low in September
US consumer confidence index falls to five-month low in September
