Accessibility links

Consumer Confidence Declines as Election Day Approaches


U.S. consumers, harried by job worries and soaring energy prices, say they grew less confident in the American economy during October.

Tuesday, a private research group called the Conference Board said its index of consumer confidence dropped nearly four percent this month to a reading of 92.8.

The Bloomberg financial news service reports that since the index began in 1967, no U.S. president has won re-election when the consumer assessment of the economy was below a reading of 99 at election time.

Economists track consumer confidence closely because consumer demand drives two-thirds of U.S. economic activity.

Some information for this report provided by AFP and Reuters.

XS
SM
MD
LG