September consumer confidence sagged to its lowest levels since February, driven by deteriorating labor market and business conditions, according to a private report released Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes fell to 48.5 in September from a revised 53.2 in August."September's pull-back in confidence was due to less favorable business and labor market conditions, coupled with a more pessimistic short-term outlook," said Lynn Franco, director of The Conference Board Consumer Research Center.
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