Consumer confidence edged lower in September ahead of an expected data blackout caused by the looming federal government shutdown, the Conference Board reported Tuesday.
The board's headline confidence index registered a 94.2 reading, off 3.6 points from the August reading and below the Dow Jones estimate for 96.0. The reading was the lowest since April and comes with nonessential government operations slated to close at midnight.
In addition to the weakness on the main reading, the "present situation" index hit its lowest in a year.
"Consumers' assessment of business conditions was much less positive than in recent months, while their appraisal of current job availability fell for the ninth straight month to reach a new multiyear low," said Stephanie Guichard, the organization's seni