{"id":53489,"date":"2024-09-24T11:34:26","date_gmt":"2024-09-24T15:34:26","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=53489"},"modified":"2024-09-24T11:34:56","modified_gmt":"2024-09-24T15:34:56","slug":"u-s-september-cb-consumer-confidence-falls-to-98-7-missing-estimates","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/u-s-september-cb-consumer-confidence-falls-to-98-7-missing-estimates\/53489\/","title":{"rendered":"U.S. September CB Consumer Confidence falls to 98.7, missing estimates"},"content":{"rendered":"<p>The U.S. Consumer Confidence Index, as reported by the Conference Board, dropped sharply in September to <strong>98.7<\/strong>, missing the forecast of <strong>103.9<\/strong> and significantly lower than the previous month\u2019s reading of <strong>105.6<\/strong>. This marks the lowest level since April 2024, indicating growing pessimism among U.S. consumers regarding the economy.<\/p>\n<h3>Recent Consumer Confidence Trends:<\/h3>\n<ul>\n<li><strong>August 2024<\/strong>: Actual <strong>103.3<\/strong>, Forecast <strong>100.9<\/strong>, Previous <strong>101.9<\/strong><\/li>\n<li><strong>July 2024<\/strong>: Actual <strong>100.3<\/strong>, Forecast <strong>99.7<\/strong>, Previous <strong>97.8<\/strong><\/li>\n<li><strong>June 2024<\/strong>: Actual <strong>100.4<\/strong>, Forecast <strong>100.0<\/strong>, Previous <strong>101.3<\/strong><\/li>\n<li><strong>May 2024<\/strong>: Actual <strong>102.0<\/strong>, Forecast <strong>96.0<\/strong>, Previous <strong>97.5<\/strong><\/li>\n<\/ul>\n<p>Despite a positive summer trend, the sharp decline in September reverses several months of relatively stable consumer sentiment. The index previously held above 100 for four consecutive months, buoyed by slight optimism. However, the latest data indicates consumers are increasingly concerned about the economic outlook, potentially driven by factors like inflation, interest rates, and broader market uncertainty.<\/p>\n<h3>Highlights from Earlier in the Year:<\/h3>\n<ul>\n<li><strong>April 2024<\/strong>: Actual <strong>97.0<\/strong>, Forecast <strong>104.0<\/strong>, Previous <strong>103.1<\/strong><\/li>\n<li><strong>March 2024<\/strong>: Actual <strong>104.7<\/strong>, Forecast <strong>106.9<\/strong>, Previous <strong>104.8<\/strong><\/li>\n<li><strong>February 2024<\/strong>: Actual <strong>106.7<\/strong>, Forecast <strong>114.8<\/strong>, Previous <strong>110.9<\/strong><\/li>\n<\/ul>\n<p>This downturn in consumer confidence could signal potential risks to consumer spending, which is a critical driver of U.S. economic growth. Analysts are now watching closely to see if this negative sentiment will extend into the final quarter of 2024, impacting retail sales, investments, and overall economic activity.<\/p>\n<p><a href=\"https:\/\/www.investing.com\/economic-calendar\/cb-consumer-confidence-48\">Data Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Consumer Confidence Index, as reported by the Conference Board, dropped sharply in September to 98.7, missing the forecast\u2026<\/p>\n","protected":false},"author":1,"featured_media":53490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-53489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/53489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=53489"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/53489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/53490"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=53489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=53489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=53489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}