Posted on 10/25/2011 7:52:53 AM PDT by Free Vulcan
The nonprofit organization said its consumer-confidence index declined to 39.8 in October from a September level of 46.4, which was upwardly revised from a prior estimate of 45.4.
Economists polled by MarketWatch expected a reading of 46 for October; when the economy is growing at a good clip, confidence readings are at 90 and above...
...The Conference Board’s expectations barometer fell to 48.7 in October from 55.1 in September. The percentage of those who expected business conditions to be “better” in six months declined, while most expected the same conditions...
(Excerpt) Read more at marketwatch.com ...
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