Consumer confidence slips in September
New home sales down 3.4% to annual rate of 560,000 units last month, the lowest level since December 2016
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
US consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter.
The economy, however, remains on solid ground as other data on Tuesday showed a strong increase in house prices in July.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result