US October shopper confidence 108.7 vs 99.5 anticipated

• Prior was 98.7 (revised to 99.2)
• Current State of affairs Index 138.zero vs. 124.three prior
• Expectations Index 89.1 vs 81.7 prior

This quantity is not pretty much as good because it seems because it surprisingly fell to 98.7 in comparison with 104.zero anticipated within the prior report.

That mentioned, it was the strongest acquire since March 2021 and there may be additionally this:

“The proportion of customers anticipating a recession over the subsequent 12
months dropped to its lowest degree for the reason that query was first requested in
July 2022, as did the proportion of customers believing the financial system was
already in recession. Shoppers’ assessments of their Household’s Present
Monetary State of affairs had been unchanged, however optimism for the subsequent six months
reached a collection excessive.”

These numbers are typically strongly correlated with politics and gasoline costs however that feels like actual optimism.

This text was written by Adam Button at www.ubaidahsan.com.



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