Consumer confidence in the US fell in October lower than expected


The US consumer confidence index in October was 98.6 points, down from 100.1 points in September, final data from the University of Michigan showed. Analysts had expected a decline to 99 points. Consumer attitude to the current financial situation in the country deteriorated to 113.1 points from 115.2 points. The indicator, which determines their expectations for the next 6 months, dropped to 89.3 points from 90.5 points. In the medium term, Americans expect inflation at the level of 2.9%, rather than 2.7%, as it was predicted earlier. For many tomorrows, their forecast dropped to 2.4% from 2.5%. The indicator of personal finance score of 130 points was the lowest since May.

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