U.S. Consumer Confidence Drops in September

Sept. 28, 2010
More pessimistic short-term outlook

Consumers grew decidedly more pessimistic about the nation's economic recovery in September, seeing worsening business and job market conditions, a key survey showed on Sept. 28.

The Conference Board said its consumer confidence index dropped to 48.5 points from 53.2 in August, when sentiment had unexpectedly improved after two months of decline.

Most analysts had predicted the index would weaken slightly to 53.0 points.

Lynn Franco, research director at the firm, attributed September's pull-back in confidence to "less favorable business and labor market conditions" that were coupled with a more pessimistic short-term outlook.

"Overall, consumers' confidence in the state of the economy remains quite grim," Franco said.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Achieving Maximum Value in Industry 4.0 with Intelligent Asset Management

June 27, 2022
Achieving Maximum Value in Industry 4.0 with Intelligent Asset Management.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!