Consumer confidence fell in October for the third straight month as Americans grew even more pessimistic about the state of the economy, The Conference Board reported today. The Consumer Confidence Index, based on a representative sample of 5,000 U.S. households, dropped to 95.6 this month from 99.5 in September, and hasn't been this low since October 2005 when it registered 85.2. "Consumer confidence posted its third monthly decline and continues to hover at two-year lows," Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement. "Further weakening in business conditions has, yet again, tempered consumers' assessment of current-day conditions and may very well be a prelude to lackluster job growth in the months ahead. In addition, consumers a...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.