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International Business Times
International Business Times
Business

Inflationary Pressures Keep Growing. Consumer Confidence Is Dropping Further.

Inflation Joanne Hsu Conference Board The Conference Board Dana M Peterson
The Consumer Confidence Index showed a sharp deterioration in September as inflationary pressures continue to mount. (Credit: Michael M. Santiago/Getty Images)

Consumer confidence kept deteriorating in September as inflationary concerns mount in the U.S., according to new figures.

The Conference Board Consumer Confidence Index released new figures on Tuesday showing that its index fell by 6.7 points, from 88.6 in August to 81.9. The Present Situation Index, which surveys consumers' assessment of business and labor market conditions, and the Expectations Index, based on their outlook for income, business and labor market conditions, also plummeted.

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