Consumer Confidence Index Unexpectedly Falls To 53.1 In September

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Consumer confidence unexpectedly decreased in the month of September, according to a report released by the Conference Board on Tuesday, with the dip largely due to a deterioration in the assessment of current conditions.

The Conference Board said its consumer confidence index slipped to 53.1 in September from a revised 54.5 in August. Economists had been expecting the index to increase to 57.0 from the 54.1 originally reported for the previous month.

Consumer confidence unexpectedly decreased in the month of September, according to a report released by the Conference Board on Tuesday, with the dip largely due to a deterioration in the assessment of current conditions. (Market News Provided by RTTNews)