News - National
Consumer confidence unexpectedly falls in September
Posted: Sep 29, 2009 9:21 AM by Associated Press
Consumers' confidence in the economy falls in September as Americans' worries about job security offset any enthusiasm about the rally in the stock market.
The Conference Board says that the Consumer Confidence Index now stands at 53.1, down from the revised 54.5 reading in August. Economists surveyed by Thomson Reuters were expecting a reading of 57.
The Present Situation Index, which measures consumers' current assessment of the economy, declined to 22.7 from 25.4. The Expectations Index, which measures consumers' outlook over the next six months, dipped to 73.3 from 73.8 last month.
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