Consumer confidence in the United States fell for the third month in a row in September, indicating that concerns about the Delta strain and rising prices continue to dampen market sentiment.
The index of consumer confidence fell to 109.3 in September from a revised 115.2 in August, according to a report by the World Association of large Enterprises on Tuesday. Economists surveyed by Bloomberg had expected 115.0.
These data suggest that the spread of the Delta strain continues to undermine consumer expectations for the economy and affects spending on services. Although new cases have fallen from their recent peak, they are still on the rise in some states.
At the same time, Americans are paying higher prices for household goods, further dampening consumer sentiment.