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por Info.... » 26/10/2004 14:58

ECONOMIC REPORT: U.S. Oct. consumer confidence sinks; Outlook for the future dampens confidence index to 92.8
By Rex Nutting, CBS.MarketWatch.com
Last Update: 10:00 AM ET Oct. 26, 2004

WASHINGTON (CBS.MW) - Consumer confidence in the United States softened for the third straight month in October, the Conference Board said Tuesday.

The board's consumer confidence index fell to 92.8 in October from a revised 96.7 in September. It's the lowest level since March.

Economists surveyed by CBS MarketWatch were expecting the index to fall to 93.4.

Most of the decline in attitudes came in expectations. The expectations index fell to 92.0 from 97.7, also the lowest since March. The present situation index dipped to 94.2 from 95.3.

"Subdued expectations, as opposed to eroding present-day conditions, were the major cause behind October's decline," said Lynn Franco, head of the board's consumer research unit.

Consumers' assessment of the labor market improved marginally. Those saying jobs are plentiful rose to 17.4 percent from 16.6 percent, while the number saying jobs are hard to get fell to 27.8 percent from 28 percent.

"The gain was not sufficient to ease concerns about job growth in the months ahead," Franco said.

However, the number of consumers who say business conditions are good fell to 21.7 percent from 23.4 percent while the number saying conditions are bad rose to 21.4 percent from 20.4 percent.

The outlook for the future turned cautious. A decreasing number of consumers thought conditions would improve in the next six months, fewer consumers thought more jobs would be available and fewer consumers thought their incomes would improve.
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15:00 - Dados States

por Info.... » 26/10/2004 14:55

10:00am 10/26/04 U.S. OCT. EXPECTATIONS INDEX 92.0 VS. 97.7

10:00am 10/26/04 U.S. OCT. PRESENT SITUATION INDEX 94.2 VS. 95.3

10:00am 10/26/04 U.S. OCT. CONSUMER CONFIDENCE FALLS TO 92.8 VS. 96.7
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