U.S. Michigan Consumer Sentiment Index Declines

Confidence among U.S. consumers fell in October to the lowest level in almost a year, which may temper the biggest part of the economy.

The Thomson Reuters/University of Michigan final index of consumer sentiment decreased to 67.7 from 68.2 in September. Economists had forecast a reading of 68, almost matching the preliminary figure of 67.9, according to the median estimate in a Bloomberg News survey.