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U.S. consumer confidence up 7.5 points in October, Gregory Daco notes

U.S. consumer confidence up 7.5 points in October, Gregory Daco notes
U.S. consumer confidence rises in October

U.S. consumer confidence improved in October, rising by 7.5 points from the previous month, according to data from the Conference Board. Present situation sentiment rose by 8.6 points and expectations by 6.9 points. Gregory Daco noted that while this marks a rebound from the lowest level since 2014, the overall trend in confidence remains subdued.

Gregory Daco has recently commented on shifting sovereign debt supply and demand dynamics and their impact on financial markets. He also covered South Korea’s stronger-than-expected GDP growth in the third quarter, driven by higher chip exports and investment but tempered by weaker consumption, in a recent report highlighting Asia’s economic developments. Daco’s analysis spans a range of global economic indicators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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