Press Release: The Conference Board Consumer Confidence Index Declined Slightly in September
September 26 2017 - 10:30AM
Dow Jones News
The Conference Board Consumer Confidence Index Declined Slightly
in September
PR Newswire
NEW YORK, Sept. 26, 2017
NEW YORK, Sept. 26, 2017 /PRNewswire/ -- The Conference Board
Consumer Confidence Index(R) , which had improved marginally in
August, declined slightly in September. The Index now stands at
119.8 (1985=100), down from 120.4 in August. The Present Situation
Index decreased from 148.4 to 146.1, while the Expectations Index
rose marginally from 101.7 last month to 102.2.
The monthly Consumer Confidence Survey(R) , based on a
probability-design random sample, is conducted for The Conference
Board by Nielsen, a leading global provider of information and
analytics around what consumers buy and watch. The cutoff date for
the preliminary results was September 18.
"Consumer confidence decreased slightly in September after a
marginal improvement in August," said Lynn Franco, Director of
Economic Indicators at The Conference Board. "Confidence in Texas
and Florida, however, decreased considerably, as these two states
were the most severely impacted by Hurricanes Harvey and Irma.
Despite the slight downtick in confidence, consumers' assessment of
current conditions remains quite favorable and their expectations
for the short-term suggest the economy will continue expanding at
its current pace."
Consumers' assessment of current conditions moderated in
September. Those saying business conditions are "good" decreased
slightly from 34.5 percent to 33.9 percent, while those saying
business conditions are "bad" increased from 13.2 percent to 13.8
percent. Consumers' appraisal of the labor market was also somewhat
less upbeat. Those stating jobs are "plentiful" declined from 34.4
percent to 32.6 percent, however, those claiming jobs are "hard to
get" decreased marginally from 18.4 percent to 18.1 percent.
Consumers' optimism about the short-term outlook was somewhat
better in September. The percentage of consumers expecting business
conditions to improve over the next six months rose slightly from
19.8 percent to 20.2 percent, but those expecting business
conditions to worsen increased from 8.0 percent to 9.9 percent.
Consumers' outlook for the labor market was more favorable than
in August. The proportion expecting more jobs in the months ahead
increased from 16.8 percent to 19.5 percent, while those
anticipating fewer jobs rose marginally from 13.2 percent to 13.5
percent. Regarding their short-term income prospects, the
percentage of consumers expecting an improvement increased
moderately from 19.9 percent to 20.5 percent, while the proportion
expecting a decline was virtually unchanged at 8.3 percent.
Source: September 2017 Consumer Confidence Survey(R)
The Conference Board
The Conference Board publishes the Consumer Confidence Index(R)
, at 10 a.m. ET on the last Tuesday of every month. Subscription
information and the technical notes to this series are available on
The Conference Board website:
https://www.conference-board.org/data/consumerdata.cfm.
ABOUT THE CONFERENCE BOARD
The Conference Board is a global, independent business
membership and research association working in the public interest.
Our mission is unique: To provide the world's leading organizations
with the practical knowledge they need to improve their performance
and better serve society. Winner of the Consensus Economics 2016
Forecast Accuracy Award (U.S.), The Conference Board is a
non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt
status in the United States. www.conference-board.org
ABOUT NIELSEN
Nielsen Holdings plc (NYSE: NLSN) is a global performance
management company that provides a comprehensive understanding of
what consumers watch and buy. Nielsen's Watch segment provides
media and advertising clients with Total Audience measurement
services for all devices on which content -- video, audio and text
-- is consumed. The Buy segment offers consumer packaged goods
manufacturers and retailers the industry's only global view of
retail performance measurement. By integrating information from its
Watch and Buy segments and other data sources, Nielsen also
provides its clients with analytics that help improve performance.
Nielsen, an S&P 500 company, has operations in over 100
countries, covering more than 90 percent of the world's population.
For more information, visit www.nielsen.com.
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SOURCE The Conference Board
/CONTACT: Further information: Carol Courter (212) 339-0232 /
courter@conference-board.org, Joseph DiBlasi (781) 308-7935 /
joseph.diblasi@conference-board.org
/Web site: http://www.conference-board.org
(END) Dow Jones Newswires
September 26, 2017 10:15 ET (14:15 GMT)
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