Consumer Confidence Holds Steady in September

NEW YORK-After a sharp decline in August, the consumer confidence index from The Conference Board remained essentially unchanged this month, finishing at 45.4 or up 0.2 point.

The index's two component indexes, present situation and expectation, headed in opposite directions in the September survey. The present situation index was 32.5, down 1.8 points, while the expectations index rose 1.6 points to 54.0.

Consumers who were surveyed for the monthly indicator indicated that their view of the current business situation was mixed. While a lesser percentage of consumers said current business conditions are "good" and a greater percentage said jobs are "hard to get," a larger percentage also said jobs are "plentiful." Consumers' outlook over the next six months improved over the August survey, with larger percentages anticipating more jobs, and a smaller percentage saying business conditions will worsen.

Lynn Franco, director of the Consumer Research Center for The Conference Board, said that while consumer expectations rose marginally this month, "consumers expressed greater concern about their expected earnings, a sign that does not bode well for spending." The fact that consumers' assessment of current business conditions declined for the fifth consecutive month is "a sign that the economic environment remains weak," Franco said.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money