Consumer confidence falls sharply in September

FAN Editor

Carol Cardoni, of Norwood, packs her car after shopping at The Big Y grocery store on Walpole Street in Norwood, MA on Aug. 1, 2019.

Jonathan Wiggs | Boston Globe | Getty Images

U.S. consumer confidence slipped in September to 133.5 from 134.2 in August, the Conference Board said on Tuesday. Analysts polled by Reuters had forecast the metric would come in at 133.5.

“Consumer confidence declined in September, following a moderate decrease in August,” said Lynn Franco, senior director of economic indicators at the Conference Board.

The Conference Board added that consumers were “less positive in their assessment of current conditions and their expectations regarding the short-term outlook also weakened.”

⁠— Reuters contributed to this report.

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