US consumer confidence falls back


US consumer confidence fell unexpectedly in September, suggesting Americans are not as convinced as US policymakers of an economic recovery.

The closely-watched Consumer Confidence Index from the Conference Board business organisation slipped to 53.1 from a revised 54.5 in August.

Economists were expecting confidence to improve after it rose in August.

Separately, a leading US index has shown a better-than-expected increase in house prices in July. read more
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