Confidence down for September
October 25, 2005,
NEW YORK -- Hit by hurricanes, gas prices and a softer job market, consumer confidence unexpectedly fell in September for a second straight month, declining 2.9 percent to a reading of 85, down from 87.5 in September.
The Conference Board said the plunging numbers could indicate that consumers will curtail their Christmas shopping, putting retailer profits under pressure during the holiday season.
Related Content By Author
Vegas Performing with PureCare's Lonnie Scheps