US Consumer Confidence Drops to a Four-Month Low on Outlook
- Expectations index declined in the Conference Board survey
- Views on present situation are stable on resilient job market
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US consumer confidence slumped to a four-month low in September, dampened by a deteriorating outlook for the economy and labor market.
The Conference Board’s index declined to 103 this month from an upwardly revised 108.7 in August, data out Tuesday showed. The figure fell short of the median estimate of 105.5 in a Bloomberg survey of economists.