Confidence slides in September

NEW YORK — With Americans growing increasingly anxious about the employment outlook, consumer confidence fell for a second straight month in September, sliding 1.9 percent to a current level of 96.8, down from 98.7 in August.

The widely watched gauge of consumer sentiment — a bellwether of future consumer spending — has now dropped 8.4 percent over the past two months, from a 13-month high of 105.7 reached in July.

"The recent declines in the index were caused primarily by deterioration in consumers' assessment of employment conditions," said Lynn Franco, director of The Conference Board's Consumer Research Center . "Soft labor-market conditions have clearly taken a toll on consumer confidence."

Consumers' sentiment about the job market worsened during September, the business think tank reported. The number of consumers who said jobs are "plentiful" declined to 16.8 percent from 18.4 percent the preceding month. At the same time, the number who said jobs are "hard to get" climbed to 28.3 percent from 26 percent in August.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!