Key Insights
- CB Consumer Confidence decreased from 103 in September to 102.6 in October.
- Present Situation Index declined from 146.2 to 143.1.
- Expectations Index pulled back from 76.4 to 75.6.
On October 31, The Conference Board released CB Consumer Confidence report for October. The report indicated that CB Consumer Confidence declined from 103 in September to 102.6 in October, compared to analyst consensus of 100.
Present Situation Index declined from 146.2 in September to 143.1 in October, while Expectations Index decreased from 76.4 to 75.6. Historically, the Expectations Index readings below the 80 level signal a recession within the next year.
The Conference Board commented: “Write-in responses showed that consumers continued to be preoccupied with rising prices in general, and for grocery and gasoline prices in particular….
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