CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • CUNA News
    • Policy & Issues
    • CU System
  • Credit Union Magazine
    • Technology
    • Lending
    • Compliance
    • Marketing
    • Management
    • Operations
    • Human Resources
    • Volunteers
  • Advertise
  • Contact
  • Subscribe
  • Buyers' Guide
  • Awards
    • CU Rock Star
    • CU Hero
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Consumer confidence loses 6.2 points in September: UMich. survey

Consumer confidence loses 6.2 points in September: UMich. survey

September 14, 2015

ANN ARBOR, Mich. (9/14/15)--Marking its third monthly decline, consumer confidence fell by 6.2 points in September, according to the University of Michigan consumer sentiment survey, released Friday.

Uncertainty in markets at home and abroad drove the reading lower, pushing the survey’s headline number down to its lowest point of 2015 (Economy.com Sept. 11).

“Financial market conditions have weighed on confidence as stock prices are well below their recent peaks,” said Jeremy Cohn, Moody’s analyst (Economy.com). “The University of Michigan survey is sensitive to fluctuations in household finances. The drop in equity prices appears to be more than offsetting the boost to sentiment from lower oil and retail gasoline prices.”

The current conditions component of the survey fell by 4.8 points during the month to 100.3--also the third straight month of declines.

Consumer outlook for the economy also slipped, dropping seven points to 76.4, which is the lowest mark since this time last year.

Expectations for inflation climbed slightly, with one-year and five-year inflation expectations rising to 2.9% and 2.8% respectively.

Further, 33% of respondents said that their household finances have worsened over the last 12 months, an eight-point jump from August’s reading, while only 42% said their finances improved over the last year, a three-point decline.

“In September, 46% of respondents said that the U.S. will experience bad economic times versus 41% expecting good economic times over the next 12 months,” Cohn said. “The August numbers are often weak, (but) the drop in the September preliminary numbers is some cause for concern.”
 

  • Related Articles

    UMich consumer sentiment survey nosedives in May

    Oct. sees rally in consumer confidence

    Consumer confidence climbs in Sept.: Conf. Board

This Month Payments: Perils and Promise

Payments: Perils and Promise

The payments arena offers new opportunities to connect with members.
Cards Are (Still) King

Cards Are (Still) King

Credit and debit cards still drive the competitive payments market.
Open Banking on its Way

Open Banking on its Way

Prepare for the impact it will have on member relationships and competitive positioning.
App Digital Edition Subscribe

Trending

  • Senate OKs CUNA-backed disapproval of CFPB lending bulletin

  • CUNA backs Senate use of CRA for CFPB lending bulletin

  • Compliance: New mortgage servicing rules now effective

Tweets from @CUmagazine and @CUNA_News

Polls

How often do you talk to the board about compensation?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors