the consumer confidence index in the U.S. in October fell below analysts ‘ expectations. As at 17.20 GMT industrial index Dow Jones has decreased on 0,28% — to 17572,94 point, high-tech NASDAQ — on 0,36%, to 5016,23 item.
MOSCOW, 27 Jan. American stock indices demonstrated negative dynamics on Tuesday after statistics consumer confidence in the country fell short of investor expectations, according to data exchanges.
As at 17.20 GMT industrial index Dow Jones has decreased on 0,28% — to 17572,94 point, high-tech NASDAQ — on 0,36%, to 5016,23 points, the index of wide market S&P 500 by 0.42%, to 2062,45 item.
As reported by research company Conference Board, the consumer confidence index in the U.S. in October fell to 97.6 in September from a revised item index in a decrease of 102.6 points. Analysts forecasted that the indicator at the initial level of September at 103 points.
The economic expectations index in October fell to 88 points from the revised figure in September 90,8 points. The initial rate was 91.6 points. The index of economic conditions was 120,3 paragraph, the figure of September was revised to 112,1 item 121,1 item.
“The consumer confidence index decreased in October, after modest growth in September. Consumers were less positive in the assessment of current conditions, in particular in the labour market, and were slightly less optimistic about the immediate prospects”, — given in the message words of the Conference Board economist Lynn Franco (Lynn Franco).
Despite the decline, consumers continue to assess the current conditions well, but they do not expect a strong strengthening of the economy in the near future, said Franco.