October 29, 2013 / 2:14 PM / in 4 years

U.S. consumer confidence falls sharply in October

NEW YORK (Reuters) - U.S. consumer confidence fell sharply in October as consumers turned gloomier in their outlook for the future, according to a private sector report released on Tuesday.

A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo. REUTERS/Jim Young/Files

The Conference Board, an industry group, said its index of consumer attitudes dropped to 71.2 in October from a revised 80.2 in September, previously reported as 79.7.

Economists had expected a reading of 75.0 in October.

The expectations index also sank, down to 71.5 in October from a revised 84.7 in September.

Consumers were also less optimistic about their current standing, with the present situation index down to 70.7 in October from a revised 73.5 in September.

Reporting by Luciana Lopez; Editing by James Dalgleish

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below