Conference Board US Consumer Confidence Index dropped to 125.9 in October, down from 126.3 and missed expectation of 128.2. Present Situation Index rose from 170.6 to 172.3. Expectations Index dropped from 96.8 to 94.9.
“Consumer confidence was relatively flat in October, following a decrease in September,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “The Present Situation Index improved, but Expectations weakened slightly as consumers expressed some concerns about business conditions and job prospects. However, confidence levels remain high and there are no indications that consumers will curtail their holiday spending.”
