The Conference Board said yesterday that its September Consumer Confidence Index dropped 18.9 points to 86.6, from a revised August reading of 105.5. The number represented the biggest monthly drop in 15 years, and the lowest number since the 81.7 reported in October 2003.
The numbers reflect consumer concern about rising gas prices and the soon-to-come costs of heating their homes during the winter months. Analysts are concerned because it seems possible that this drop in confidence could have a negative impact on upcoming holiday shopping.
The numbers reflect consumer concern about rising gas prices and the soon-to-come costs of heating their homes during the winter months. Analysts are concerned because it seems possible that this drop in confidence could have a negative impact on upcoming holiday shopping.
- KC's View:
-
Finally. Numbers that reflect reality.
Now we’re really worried.
