The Conference Board’s Consumer Confidence Index, which had declined in September, posted another loss in October. The Index now stands at 92.8 (1985=100), down from 96.7 in September. The Expectations Index declined to 92 from 97.7. The Present Situation Index dipped to 94.2 from 95.3.
“Subdued expecations, as opposed to eroding present-day conditions, were the major cause behind October’s decline in consumer confidence,” said Lynn Franco, director of The Conference Board’s Consumer
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.