US consumer confidence falls to lowest level since 2014

Consumer sentiment in the US deteriorated noticeably in September. The US consumer index fell to 81.9 points, its lowest level since April 2014.

According to a survey by the economic research institute "The Conference Board", people in the USA are particularly critical of the next six months. The expectations index that measures this fell to 63.6 points. Values ​​below 80 are considered a warning signal of an increased risk of recession.

Indication of declining consumption and economic dynamics

The reason for the poor mood is the ongoing inflation, but also the uncertainty about further economic development and the situation on the labor market. The Conference Board's surveys are being closely watched by investors, economists and the US Federal Reserve.

Consumer spending by private households is the most important driver of the American economy. Falling consumer confidence can therefore be seen as an indication of declining consumption and economic dynamics.