Americans’ Confidence Eases After Storms Hit Texas, Florida

U.S. consumer confidence eased in September from the second-highest level since late 2000 as attitudes deteriorated in states affected by hurricanes Harvey and Irma, according to figures Tuesday from the New York-based Conference Board.

Highlights of Consumer Confidence (September)

  • Confidence index cooled to 119.8 (est. 120) from a downwardly revised 120.4 in August that remained the second-highest since December 2000
  • Present conditions measure dropped to 146.1 from 148.4
  • Gauge of consumer expectations climbed to 102.2 from 101.7

Key Takeaways

The results corroborate other economic data showing tempered confidence in the aftermath of Harvey and Irma. Data from the University of Michigan showed consumer sentiment eased in early September, while the Bloomberg Consumer Comfort Index has declined for three straight weeks.

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