Con­sumer Con­fi­dence Rose Less Than Ex­pected in Oct.

The Bond Buyer - - Market News - — Chip Bar­nett

The con­sumer con­fi­dence in­dex rose to 137.9 in Oc­to­ber from a re­vised 135.3 in Septem­ber orig­i­nally re­ported at 138.4, the Con­fer­ence Board re­ported on Tues­day.

Econ­o­mists sur­veyed by IFR Mar­kets had pre­dicted a read­ing of 136.0 for Oc­to­ber.

“Con­sumer Con­fi­dence in­creased in Oc­to­ber, fol­low­ing a mod­est gain in Septem­ber, and re­mains at lev­els last seen in the fall of 2000 (Septem­ber 2000, 142.5),” said Lynn Franco, se­nior di­rec­tor at the board.

The present sit­u­a­tion in­dex in­creased to 172.8 in Oc­to­ber from a re­vised 169.4 orig­i­nally re­ported at 172.8 while the ex­pec­ta­tions in­dex rose to 114.6 from a re­vised 112.5 in Septem­ber orig­i­nally re­ported as 115.3.

Con­sumers’ as­sess­ment of cur­rent con­di­tions im­proved in Oc­to­ber. Those stat­ing busi­ness con­di­tions are “good” in­creased to 40.5% from 39.9% while those say­ing busi­ness con­di­tions are “bad” slipped to 9.2% from 9.6%.

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