US consumer confidence index unexpectedly declined in October

According to analyst firm Conference Board, the consumer confidence index in the US in October fell to 100.9 points from the revised index of 101.3 points in September. Analysts had forecast an increase in the index to 102 points from the original September value of 101.8 points.

The release noted that consumer confidence eased slightly in October after a sharp improvement in September. And now, there are few factors that could contribute to the economic recovery in the final months of 2020 (especially with the growth in the number of coronavirus infections in the United States and high unemployment).

The index of economic expectations in the United States in October fell to 98.4 points from the revised September index of 102.9 points. The initial figure for the previous month was 104 points.

The index of economic conditions in the reporting month rose to 104.6 points from the revised September value of 98.9 points. The original figure last month was 98.5 points.