Conference Board US Consumer Confidence dropped to 125.1 in September, down from 134.2, missed expectation of 133.8. Present Situation Index dropped from 176.0 to 169.0. Expectations Index dropped from 106.4 to 95.8.
Confidence Board noted: “Consumers were less positive in their assessment of current conditions and their expectations regarding the short-term outlook also weakened. The escalation in trade and tariff tensions in late August appears to have rattled consumers. However, this pattern of uncertainty and volatility has persisted for much of the year and it appears confidence is plateauing. While confidence could continue hovering around current levels for months to come, at some point this continued uncertainty will begin to diminish consumers’ confidence in the expansion.”
