Consumer Confidence Index is 95.6, down for the 3rd month
October Consumer Confidence fell for the third month hitting 95.6, down 3.9 from the September reading nearing levels not seen since October 2005. The Present Situation Index fell to 118.8 from 121.2 in September and the Expectations Index fell to 80.1 versus 85.0 in September. The survey shows consumers overall are more pessimistic in their outlooks concerning jobs, business conditions and incomes. Consumers expecting business conditions to worsen in the next 6 months increased by about 2%. Those expecting fewer jobs going forward increased 1.4%. Consumers expecting higher incomes in the coming months fell .4%.