Wednesday, October 26, 2016

Consumer Confidence Slipping

The confidence of Americans in the U.S. economy fell in October to a three-month low, just ahead of the presidential election. The primary driver of the decline was that more consumers are saying that jobs are a bit harder to find.

Consumers' perceptions of both current conditions and the six-month outlook dimmed. The future expectations index also fell significantly, to the.the lowest level it's been at since July.

In addition, the September confidence number, which was initially thought to be a nine-year high, has now been revised lower. It still hit a one-and-a-half year high, but is no longer thought to have reached pre-recessionary levels.

No comments:

Post a Comment