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  • US Consumer Confidence Bounced Back in October

    From prnewswire.com

    The Conference Board Consumer Confidence Index® increased in October to 108.7 (1985=100), up from 99.2 in September. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—increased by 14.2 points to 138.0. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—increased by 6.3 points to 89.1, well above the threshold of 80 that usually signals a recession ahead. The cutoff date for the preliminary results was October 23, 2024. "Consumer confidence recorded the strongest monthly gain since March 2021, ... (full story)

Added at 10:11am

  • US consumer confidence recovers in October

    From breakingthenews.net

    Consumer confidence in the United States improved in October, according to a report by the Conference Board released on Tuesday. The consumer confidence index grew to 108.7 from 99.2 in September. The consumers' assessment of current business and labor market conditions also recovered by 14.2 points to 138. The expectations index rose by 6.3 points to 89.1. "Consumer confidence recorded the strongest monthly gain since March 2021, but still did not break free of the narrow range that has prevailed over the past two years," Conference Board Chief Economist Dana Peterson said. "Compared to last month, consumers were ... (full story)

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