NEW YORK, Sept. 24 (Xinhua) -- U.S. consumer confidence, which had strengthened in August, slightly fell in September, said a report by the research institute the Conference Board on Tuesday.
The Conference Board Consumer Confidence Index stood at 79.7 in September, lower than the revised figure of 81.8 in August and market consensus.
The report also showed that the present situation index grew to 73.2 from 70.9, while the expectations index fell to 84.1 from 89.0 last month.
"Consumer confidence decreased in September as concerns about the short-term outlook for both jobs and earnings resurfaced, while expectations for future business conditions were little changed." said Lynn Franco, Director of Economic Indicators at the Conference Board.
She added that consumers' assessment of current business and labor market conditions was more positive, but while overall economic conditions appear to have moderately improved, consumers are uncertain that the momentum can be sustained in the months ahead.
Meanwhile, consumers' outlook for the labor market grew more pessimistic. The proportion of consumers anticipating more jobs in the months ahead decreased to 16.9 percent from 17.5 percent, while those expecting fewer jobs increased to 19.7 percent from 17.2 percent.
The monthly Consumer Confidence survey is conducted for the Conference Board by Nielsen, a leading global provider of information and analytics, and it surveys 3,000 households across the country each month.