InvestingLive reports that U.S. consumer confidence improved in October. The Present Situation Index reached 120.4, versus 111.8 previously, while expectations rose to 72.6 from 65.7. The prior headline reading was revised from 81.9 to 84.2. Conference Board economist Fergus McCormick linked the recovery to better business perceptions and easing gasoline prices, but said the longer downward trend persisted and consumers planned less spending on services and durable goods.
Related currencies / asset groups: USD
InvestingLive reports an October Present Situation Index of 120.4 versus 111.8 previously, and an Expectations Index of 72.6 versus 65.7.
InvestingLive / ForexLiveFergus McCormick said confidence improved but remained on a longer downward trend, with consumers planning less spending on services and durable goods.
InvestingLive / ForexLiveNo ideas are linked to this story yet.