Key facts
- Consumer confidence rose to 91.7 in October, up from a revised 84.2 in September.
- The Present Situation Index increased to 120.4.
- The Expectations Index rose to 72.6.
- Consumers expressed concerns about rising prices for food, groceries, oil, and diesel.
- Confidence improved across all political affiliations in October.
US consumer confidence increased in October, marking the first rise in four months, according to The Conference Board. The Consumer Confidence Index rose by 7.5 points to 91.7 from a revised 84.2 in September. The Present Situation Index, which assesses current business and labor market conditions, increased by 8.6 points to 120.4, while the Expectations Index, reflecting short-term outlooks, recovered by 6.9 points to 72.6. Consumers indicated plans for less spending on services and durable goods in the next six months, citing high price levels and persistent inflation.