preliminary results from the University of Michigan’s September consumer confidence survey are out.
The headline index dropped to 76.8 from August’s 82.1 reading.
Economists predicted a tick down to 82.0.
The economic conditions sub-index fell to 91.8 from 95.2, while the economic outlook sub-index fell to 67.2 from 73.7.
Inflation expectations one year ahead rose to 3.2% from 3.0%, while inflation expectations five years ahead edged up to 3.0% from 2.9%.
Business Insider Emails & Alerts
Site highlights each day to your inbox.