- Analytics
- News and Tools
- Market News
- U.S. consumer confidence index slides to 97.6 in October
U.S. consumer confidence index slides to 97.6 in October
The Conference Board released its consumer confidence index for the U.S. on Tuesday. The index dropped to 97.6 in October from 102.6 in September, missing expectations for a rise to 103.0. September's figure was revised down from 103.0.
The decline was mainly driven by the worse outlook for current conditions. The present conditions index fell to 112.1 in October from 120.3 in September.
The Conference Board's consumer expectations index for the next six months decreased to 88.0 in October from 90.8 in September.
"Consumers were less positive in their assessment of present-day conditions, in particular the job market, and were moderately less optimistic about the short-term outlook. Despite the decline, consumers still rate current conditions favourably, but they do not anticipate the economy strengthening much in the near-term," the director of economic indicators at The Conference Board, Lynn Franco, said.
The percentage of consumers expecting more jobs in the coming months was down to 22.2% in October from 24.8% in September.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
