Consumer Confidence Declines to Lowest Level Since February
A bit of bad economic news: This morning, the Conference Board announced that consumer confidence, a key indicator of the consumer spending that drives about 60
Jul 31, 202055K Shares2.5M Views
A bit of bad economic news: This morning, the Conference Board announcedthat consumer confidence, a key indicator of the consumer spending that drives about 60 percent of the economy, is declining again.
The Consumer Confidence Index fell in September to 48.5, the lowest level since February. The Conference Board also revised August’s reading down to 53.2. An index reading of 90 indicates solid economic growth.
“Overall, consumers’ confidence in the state of the economy remains quite grim. And, with so few expecting conditions to improve in the near term, the pace of economic growth is not likely to pick up in the coming months,” Lynn Franco of the Conference Board said in a release.
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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