(CercleFinance.com) – American consumer confidence deteriorated markedly in October, shows the monthly survey by the Conference Board published on Tuesday.
The confidence index compiled by the employers’ organization fell to 102.5 in the current month, against 107.8 in September, while economists forecast an index at 105.3 after the 108 initially announced for last month .
The sub-index measuring consumers’ judgment of their current situation fell to 138.9, against 150.2 last month, while that of their expectations fell to 78.1 after 79.5 in September.
Lynn Franco, director of economic research at the Conference Board, attributes this deterioration in consumer sentiment, which comes after two consecutive months of increases, to the rise in their inflation expectations, particularly with regard to oil prices. gasoline and food.
Copyright (c) 2022 CercleFinance.com. All rights reserved.