US: Reuters/Michigan consumer confidence index falls to 87.9 in October

Ani Salama FXStreet

The Reuters/Michigan consumer confidence index dropped to 87.9 in October, according to a preliminary estimate released on Friday, being the lowest level in a year and the second lowest in the past two years.

This reading comes below the 91.9 expected by analysts and follows a reading of 91.2 in September.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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