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US Confidence Tumbles To 7-Month Lows As ‘Hope’ Evaporates

Courtesy of ZeroHedge View original post here.

After plunging in September, Conference Board confidence was expected to rebound but, thanks to a small upward revision, October confidence slipped to its lowest since March with expectations weakest since January.

  • Consumer confidence in October fell to 125.9 vs 126.3 in prior month – lowest since March

  • Present situation confidence rose to 172.3 vs 170.6 last month – small bounce

  • Consumer confidence expectations fell to 94.9 vs 96.8 last month – lowest since January

Source: Bloomberg

The labor differential (plentiful vs hard-to-get) rebounded modestly in October from 33.5 to 35.1.

Under-35s confidence tumbled in October with Over-55s improving modestly

While plans to buy a home ticked up in October, plans to buy a car slipped notably.


 


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