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Business Briefing / The Economy

Consumer confidence index falls

September 30, 2009|Times Wire Reports

Concerns that consumers won't help drive a speedy and strong economic recovery escalated after a widely watched barometer of confidence fell unexpectedly this month.

The Conference Board said its consumer confidence index dropped to 53.1 in September, down from a revised 54.5 in August. Economists surveyed by Thomson Reuters had expected a reading of 57.

Among the worrisome signs in the Conference Board's release were that shoppers' spending intentions declined for big-ticket purchases: cars, homes and major appliances.

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