Consumer confidence index falls in October
The Conference Board's consumer confidence index came in at 97.6.
Economists had expected the index to remain unchanged from the prior period at 103.
The Conference Board's Lynn Franco said in the report:
Consumer confidence declined in October, following September's modest gain. 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 favorably, but they do not anticipate the economy strengthening much in the near-term.
More to come ...
- Exploring India's majestic glaciers: 10 frozen wonders
- New fund alert: 'Axis India Manufacturing Fund'
- Anti-collision system KAVACH, Delhi-Kolkata, Delhi-Mumbai corridor to see completion in 2024-25: Vaishnaw
- Top 10 places to visit in India in December
- 10 Amazing health benefits of Aloe Vera