Economics
U.S. Consumer Confidence Eased in October as Economy Views Dim
- Conference Board’s gauge also is revised down for September
- Decline in expectations driven by short-term outlook for jobs
Photographer: Nina Westervelt/Bloomberg
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Consumer confidence unexpectedly pulled back in October as Americans became more concerned about prospects for employment, incomes and the economy.
The Conference Board’s index decreased to 100.9 from a downwardly revised 101.3 reading in September, according to a report Tuesday. The reading fell below the median estimate of 102 in Bloomberg’s survey of economists.