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CB Consumer Confidence unexpectedly rose in September

Tuesday, Sep 29 2015
The Conference Board Consumer Confidence Index, which had increased in August, improved moderately in September. The Index now stands at 103.0 (1985=100), up from 101.3 in August. Analysts were anticipating decline to 96.3. The Present Situation Index increased from 115.8 last month to 121.1 in September, while the Expectations Index edged down to 91.0 from 91.6 in August.        
  
 “Consumer confidence increased moderately in September, following August’s sharp rebound,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ more positive assessment of current conditions fueled this month’s increase, and drove the Present Situation Index to an 8-year high (Sept. 2007, Index=121.2). Consumers’ expectations for the short-term outlook, however, remained relatively flat, although there was a modest improvement in income expectations. Thus, while consumers view current economic conditions more favorably, they do not foresee growth accelerating in the months ahead.”
 
Data did not have any major impact on the markets. Euro is currently being traded around 1.1230 area, Sterling is above 1.5180 level, while Aussie is slightly above 0.70 handle.
More in this category: « Net Lending to Individuals increased by £4.3 billion Australian Building Approvals fell by 6.9% »

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