Oct. consumer confidence slips unexpectedly | KXNet.com North Dakota News
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Oct. consumer confidence slips unexpectedlyOct 27 2009 9:13AM
Associated Press By ASHLEY M. HEHER AP Retail Writer CHICAGO (AP) Consumers' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak. The Conference Board's Consumer Confidence Index shows Americans are as worried about the economy's current state as they've been in nearly three decades. They also have a grim outlook for the future, expecting a worsening business climate, fewer jobs and lower salaries. That sentiment drove Tuesday's results, which showed the index falling to 47.7 in October. Analysts surveyed by Thomson Reuters expected a reading of 53.1. A reading above 90 means the economy is on solid footing. Above 100 signals strong growth. The index has seesawed since a historic low of 25.3 in February and climbed to 53.4 in September. (Copyright 2009 by The Associated Press. All Rights Reserved.) APNP 10-27-09 0902CDT |
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