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A consumer confidence of the USA declined in October amid household concerns about the availability of jobs over the next six months and with the persistence of higher prices due to tariffs on imports.
The Conference Board reported on Tuesday (28) that its consumer confidence index fell to 94.6 this month, compared to 95.6 in September in an upwardly revised data.
Economists polled by Reuters had predicted the index would fall to 93.2, compared with 94.2 initially recorded in September.
“Consumers were slightly more pessimistic about future job availability and future business conditions, while optimism about future income receded slightly,” said Stephanie Guichard, senior global indicators economist at the Conference Board.
