NEW YORK — Americans’ view of the economy turned grimmer in September amid escalating job worries, falling to the lowest point since February.
The Conference Board, based in New York, said its monthly Consumer Confidence Index now stands at 48.5, down from the revised 53.2 in August.
The reading marked the lowest point since February’s 46.4. It takes a reading of 90 to indicate a healthy economy — a level not approached since the recession began in December 2007.
Economists watch confidence closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong rebound.
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