Consumer Confidence Falls to Five-Month Low

Consumer confidence fell to a five-month low this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Sept. 27.

The month’s final index fell to a reading of 77.5 from 82.1 in August.

The index was higher than a preliminary 76.8 reading two weeks ago, and lower than economists’ median forecast of a 78 reading, Bloomberg News reported.

The index averaged 64.2 during the recession that ended in June 2009 and 89 in the five years prior to that.