U.S. Conference Board Consumer Confidence Index increased again in October
The Index now stands at 137.9 (1985=100), up from 135.3 in September.
The Present Situation Index – based on consumers' assessment of current business and labor market conditions – improved from 169.4 to 172.8.
The Expectations Index – based on consumers' short-term outlook for income, business and labor market conditions – increased from 112.5 last month to 114.6 this month.
The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was October 18. ■