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And that is likely to cause a decline in consumer spending".
The decline in consumer prices was led largely by transportation costs and energy.
It was the first annual decline in consumer credit growth since December 2014.
The August decrease reflected fewer hours worked in factories and a decline in consumer expectations.
Dell reported a 12 percent decline in consumer revenue, and smaller declines in both business and government sales.
Factories have been hurt by a decline in consumer spending and slower global growth that has cut demand for exports.
A 23 percent decline in consumer computer sales far outweighed a 13 percent increase in sales to businesses.
But they haven't, because they've just gone to counteract the sharp decline in consumer and business activity.
Robert Van Order, Freddie Mac's chief economist, said mortgage rates were being affected by a decline in consumer confidence.
The abrupt decline in consumer and corporate spending raises a disturbing existential question for Emeryville and other communities like it.
Faced with new figures showing a decline in consumer confidence, investors struggled to find some of their own on Tuesday.
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