Confidence Drops
The Consumer Confidence Index fell for the second month in a row to 92.8 in October from 96.7 in September, according to the Conference Board, the New York–based research firm that compiles the index. The Board’s Expectation Index also fell in October to 92.0 from 97.7, and the Present Situation Index dropped slightly to 94.5 from 95.3. The indices are based on a sampling of 5,000 U.S. households.
