US: Consumer confidence trend remains solid in October – Natixis
|Research Team at Natixis, notes that the US consumer confidence from the Conference Board lost 4.9pts to 98.6 in October, below expectations (Consensus: 101.5 / Natixis: 102).
Key Quotes
“Past month data was revised slightly lower. Both the perception of the current situation and expectations deteriorated. However, the 3-month trend of the index rose to a post-crisis high at 101.3.
Perception of the job market weakened (but remained positive) with the “plentiful minus hard to get” declining from 5.3 (the post-crisis high) to 2.2.
All in all, report shows that the trend in consumer confidence remains solid as labor market conditions continue to improve though the upturn in gasoline prices may be a restraining factor. Looking forward, we expect employment gains and modest wage growth to continue to support private consumption in Q4.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.