Consumer confidence falls in September to lowest point since February
By APTuesday, September 28, 2010
Summary Box: Confidence falls to lowest since Feb.
FALLING CONFIDENCE: The Conference Board’s Consumer Confidence Index fell to 48.5 in September, down from 53.5 in August.
BEHIND THE FIGURES: The reading marks the lowest point since February and is far from the 90 that’s considered healthy.
WHY IT MATTERS: Consumer spending, including major items such as health care, accounts for 70 percent of economic activity and is crucial to a strong economic recovery.
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