US Consumer Confidence Unexpectedly Plunges To 7-Month Lows As Optimism Slumps
Having surged to pre-COVID levels in June, The Conference Board’s consumer confidence index is expected to rebound in September from a two-month slide, but they were wrong as US Consuemr Confidence tumbled for the 3rd straight month to 109.3 (from 113.8 and well below the 115.0 expected).
Both ‘Present Situation’ and ‘Expectations’ tumbled (143.4 vs 147.3 prior and 86.6 vs 91.4 prior respectively).