US Consumer Confidence Drops to a Five-Month Low on Inflation
- Conference Board’s index decreased to 102.6 in October
- Buying plans softened, while vacation plans increased
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US consumer confidence dropped to a five-month low in October, weighed down by dimmer views of business conditions and concerns about high prices.
The Conference Board’s index fell to 102.6 this month from an upwardly revised 104.3 in September, data out Tuesday showed. The median estimate in Bloomberg survey of economists called for 100.5.