Consumer Confidence Index Falls To 47.7 In October

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Consumer confidence unexpectedly deteriorated in the month of October, according to a report released by the Conference Board on Tuesday, with the consumer confidence index showing a notable decline amid continued concerns about labor market conditions.

The report showed that the consumer confidence index fell to 47.7 in October from a revised 53.4 in September. Economists had been expecting the index to edge up to 53.5 from the 53.1 originally reported for the previous month.

Consumer confidence unexpectedly deteriorated in the month of October, according to a report released by the Conference Board on Tuesday, with the consumer confidence index showing a notable decline amid continued concerns about labor market conditions. (Market News Provided by RTTNews)