Consumer Confidence Dips Slightly

Consumer Confidence Dips Slightly

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Consumer confidence in the U.S. economy dropped slightly in September, according to the Conference Board’s monthly measure.

The measure was placed at 53.1 this month, compared with 54.5 in August. The August number had represented a 7-point gain over July.

"While not as pessimistic as earlier this year, consumers remain quite apprehensive about the short-term outlook and their incomes. With the holiday season quickly approaching, this is not very encouraging news," Conference Board director Lynn Franco said as part of the release.

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