Consumer confidence index falls in October
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The Conference Board's consumer confidence index came in at 97.6.
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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 ...
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