Despite a decent 2% rise in third-quarter GDP growth and plunging initial jobless claims, consumer sentiment dipped to an 11-month low of 67.7 in its final October reading, down from the preliminary 67.9 October tally, and 68.2 level in September.
A Bloomberg survey had expected sentiment to rise to 68.0 in October. The index was 68.9 in August, 67.8 in July, and 76.0 in June.
A General Mood of…
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Consumer Sentiment Dips on Economic Concerns Ahead of Elections originally appeared on DailyFinance on Fri, 29 Oct 2010 12:05:00.
Filed Under: Economy