A report released by the Conference Board on Tuesday showed a much bigger than expected decrease in U.S. consumer confidence in the month of September.
The Conference Board said its consumer confidence index tumbled to 103.0 in September from an upwardly revised 108.7 in August.
Economists had expected the consumer confidence index to edge down to 105.8 from the 106.1 originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.