Consumer Sentiment Index reportedly fell to 48.1 in September, its second-lowest level
The Kobeissi Letter says the index fell 3.6 points, marking its second consecutive monthly decline. The Consumer Expectations Index dropped 5.2 points to 46.3.
TLDR
The Kobeissi Letter reports that the Consumer Sentiment Index fell 3.6 points to 48.1 in September, its second-lowest level in history. It says the Current Conditions Index fell to 50.9 and the Consumer Expectations Index to 46.3, and attributes worsening sentiment to higher living costs, citing fuel prices, persistent inflation, rising mortgage rates and weaker purchasing power.
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