Partly reflecting a steep drop by consumers' assessment of current business and labor market conditions, the Conference Board released a report on Tuesday showing a bigger than expected decrease by its reading on U.S. consumer confidence in the month of September.
The Conference Board said its consumer confidence index slid to 94.2 in September from an upwardly revised 97.8 in August.
With the bigger than expected decrease, the consumer confidence index dropped to its lowest level since April 2025.
The continued decline by the headline index came as the present situation index slumped to 125.4 in September from 132.4 in August, marking its largest drop in a year.
The report said the expectations index also fell to 73.4 in September from 74.7 in August. The index has remained below the threshold of 80 that typically signals a recession ahead since February 2025.