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Consumer confidence in the US fell to its lowest level since 2014 in September, and people's views on the economy and labor market became more pessimistic. According to data released by the World Federation of Large Enterprises, the consumer confidence index fell 6.7 points to 81.9, and the previous month's data was also revised down. Economists forecast a median value of 89. The indicator measuring the current situation fell by nearly 8 points to its lowest level since 2021, and the index measuring expectations for the next six months also fell to its lowest level in more than a year. The report shows that consumers continue to worry about the cost of living, including high gasoline prices. Despite concerns about inflation, consumer spending and the labor market have been resilient. It is expected that the non-farm payrolls report released on Friday will show that recruitment activity remains steady in September.
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Consumer confidence in the US fell to its lowest level since 2014 in September, and people's views on the economy and labor market became more pessimistic. According to data released by the World Federation of Large Enterprises, the consumer confidence index fell 6.7 points to 81.9, and the previous month's data was also revised down. Economists forecast a median value of 89. The indicator measuring the current situation fell by nearly 8 points to its lowest level since 2021, and the index measuring expectations for the next six months also fell to its lowest level in more than a year. The report shows that consumers continue to worry about the cost of living, including high gasoline prices. Despite concerns about inflation, consumer spending and the labor market have been resilient. It is expected that the non-farm payrolls report released on Friday will show that recruitment activity remains steady in September.
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