US consumer confidence rose for the first time in four months The US consumer confidence index in October, contrary to market expectations and for the first time in the last four months, jumped by 7.5 points to 91.7, which is the highest level since June and exceeded the most optimistic estimates of economists. The index of expectations for the next six months and the assessment of current economic conditions also improved. This trend change is caused by the citizens' more optimistic perception of the employment situation and the business environment; So the number of people coming from the business environment is greater than the visitors, and the share of those who believe in the abundance of work opportunities has reached its highest level in the last six months. Cheap gasoline between September and October also played a role in this improvement, although this growth still failed to remove the index from the downward trend of recent years. Despite the improvement in consumer morale, the burden of inflation, the wage lag from the price increase and the increase in the prices of banking frameworks are still a serious concern for households. However, due to the historically low level of layoffs, the labor market continues to support people's purchases and consumer spending remains high. Young people under the age of 35, people with incomes over $100,000 and supporters of all political currents, especially the Republicans, hoped for the future of the economy more than others. The difference between the results of this report and the University of Michigan index is due to the Conference Board's focus on the labor market versus the greater weighting of living expenses and interest rates in the Michigan index. the channel.

US consumer confidence rose for the first time in four months The US consumer confidence index in October, contrary to market expectations and for the first time in the last four months, jumped by 7.5 points to 91.7, which is the highest level since June and exceeded the most optimistic estimates of economists. The index of expectations for the next six months and the assessment of current economic conditions also improved. This trend change is caused by the citizens' more optimistic perception of the employment situation and the business environment; So the number of people coming from the business environment is greater than the visitors, and the share of those who believe in the abundance of work opportunities has reached its highest level in the last six months. Cheap gasoline between September and October also played a role in this improvement, although this growth still failed to remove the index from the downward trend of recent years. Despite the improvement in consumer morale, the burden of inflation, the wage lag from the price increase and the increase in the prices of banking frameworks are still a serious concern for households. However, due to the historically low level of layoffs, the labor market continues to support people's purchases and consumer spending remains high. Young people under the age of 35, people with incomes over $100,000 and supporters of all political currents, especially the Republicans, hoped for the future of the economy more than others. The difference between the results of this report and the University of Michigan index is due to the Conference Board's focus on the labor market versus the greater weighting of living expenses and interest rates in the Michigan index. the channel.