02:31 PM EDT, 09/24/2024 (MT Newswires) -- The Conference Board's Consumer Confidence Index fell to 98.7 in September from 105.6 in August on large declines in both the present situation and expectation readings.

The Conference Board said that present and future assessments of business and employment conditions deteriorated with particular concern among those on the lower end of an income scale.

The Federal Housing Finance Agency home price index posted a 0.1% gain in July after a flat reading in June. The index rose 4.5% from a year earlier. The agency said declining mortgage rates and flat prices should help improve home affordability.

S&P Case-Shiller reported a 0.1% July home price gain, down from 0.5% in June. The index was up 5% from a year earlier, slowing from the 5.5% rate in the previous month.

The Philadelphia Fed's services reading rose to minus 6.1 in September from minus 25.1, while the Richmond services reading rose to minus 1 from minus 11.

The Richmond Fed's manufacturing index declined to minus 21 in September from minus 19 in August, in line with S&P Global's flash estimate and in contrast to regional data from the New York and Philadelphia Fed's measures that pointed to expansion in the sector.

Redbook reported US same-store retail sales last week rose 4.4% from a year earlier, slower than the 4.6% gain in the prior week due to reduced foot traffic and a decline in clothing sales as the focus shifted to autmun items from back-to-school, and consumers remained price-conscious.