Arab Today, arab today us consumer confidence falls in september
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

US consumer confidence falls in September

Arab Today, arab today

Arab Today, arab today US consumer confidence falls in September

Washington - XINHUA

US consumer confidence fell to a five-month low in September, as Americans saw fiscal uncertainty and higher interest rates ahead, according to a survey released Friday. The final reading of the consumer sentiment index in September edged down to 77.5, the lowest level since April, from 82.1 in August, the monthly Thomson Reuters/University of Michigan survey of consumers showed. The preliminary reading for the first half of September was 76.8. The sub-index of current economic conditions, which reflects Americans\' perceptions of their financial situation and whether they consider it a good time to buy big-ticket items like houses or cars, dipped to 92.6 in September from 95.2 in August. That was better than the preliminary September reading of 91.8. The sub-index gauging consumer expectations for six months from now, which more closely projects the direction of consumer spending, fell to 67.8 in September from 73.7 last month. The preliminary September reading was 67.2. \"While few consumers expected a federal shutdown, complaints about the economic policies of the government have risen,\" Richard Curtin, director of the survey and economist with the University of Michigan, said in a statement. Meanwhile, despite an unexpected delay in tapering by the Federal Reserve, two-thirds of all consumers expect higher interest rates in the year ahead, he added. US long-term interest rates have spiked about a full percentage point since early May on speculation that the Federal Reserve may start to scale back bond purchases later this year. That has pushed up mortgage rates, which could slow the recent momentum in the housing market recovery and hold down consumer confidence. The consumer sentiment index, released twice each month, one preliminary and the other final, averaged 64.2 during the last recession from December 2007 to June 2009, and was at 89 in the five years leading up to the recession.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us consumer confidence falls in september Arab Today, arab today us consumer confidence falls in september

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us consumer confidence falls in september Arab Today, arab today us consumer confidence falls in september

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday