Consumer sentiment weakened in September as the RealClearMarkets/TIPP Economic Optimism Index, the first read on U.S. consumer confidence each month, fell from 50.9 in August to 48.7, a 2.2-point decline (-4.3%). After briefly breaking a five-month streak of pessimism in August by rising above the neutral 50.0 mark, the index slipped back into negative territory.
September’s Economic Optimism Index reading of 48.7 is 0.93% below its 296-month historical average of 49.2.
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