Consumer Sentiment Keeps Dropping. It Reached a Four Month Low In Late September.

Consumer sentiment reached the lowest level in four months at the end of September. (Credit: Michael M. Santiago/Getty Images)

Consumer sentiment kept dropping in late September, reaching the lowest figure in four months, according to new figures.

The University of Michigan's Survey of Consumers showed the figure standing at 48.1, compared to 51.7 in August and 55.1 last September. It is a 7% and 12.7% drop for the month and the year, respectively.