Much of the decline in confidence over the past two months can be attributed to the recent hurricanes, (gas) pump shock and a weakening labor market.
A decline of more than 40 cents in gasoline prices this month and the improving job outlook have combined to help restore consumers' confidence.
A decline of more than 40 cents (a gallon) in gasoline prices this month and the improving job outlook have combined to help restore consumers' confidence.
The continued decline in the Present Situation Index suggests that consumers would tend to curb their spending in the absence of offsetting incentives, ... a significant deterioration in consumer attitudes.