Delta, inflation behind latest fall in Conference Board index

28 September 2021

 

Summary: Conference Board Consumer Confidence Index fall for third consecutive month in September; reading below expected figure; views of present conditions, short-term outlook both less positive; concerns regarding Delta, US economy, elevated inflation dampens optimism; 30% fall in new case numbers from peak should see higher optimism over coming months if higher Delta cases behind result. After the GFC in 2008/09, US consumer confidence clawed its way back to neutral...

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