Consumer sentiment decreases for October.

According to The Conference Board earlier in the week, the Consumer Confidence Index the month of October stood at 98.6, considerably taking a dip from last month's figure of 104.1. The survey measured peoples consumer behaviour and attitudes toward business environments, their personal and general financial outlook in the short term as well as job opportunities. Consumers level of optimism concerning their financial prospects remained relatively stable while attitude around business and job prospects showed decreased levels of optimism. Positive attitudes regarding favorable business environments also slumped by 25 to 26.2% while those of the opinion that business prospects were not looking good rose by 2% to 17.7%. Consumer's feelings toward the state of the economy also tumbled from 127.9 in September to 120.6 in October.

 

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Economy