U.S. shopper confidence has slipped to a four-month low as shoppers are cautious in regards to the
U.S. shopper confidence has slipped to a four-month low as shoppers are cautious in regards to the near-term outlook for enterprise situations and job prospects. Nevertheless, analysts imagine that the important thing confidence measure stands at a first rate degree.
On this regard, Lynn Franco, director of financial indicators of the Convention Board, stated that, “confidence ranges stay excessive and there aren’t any indications that customers will curtail their vacation spending” (learn: Time to Flock to E-commerce ETFs Ahead of Holiday Season?)
A Sneak Peek Into the Numbers
For October 2019, the Convention Board’s measure of shopper confidence index stands at 125.9, barely under the revised studying of 126.Three in September (initially 125.1 reported). Nevertheless, October’s studying missed the consensus estimate of 128.0, per a Reuters’ ballot. Furthermore, the present studying compares unfavorably with the 18-year high shopper confidence of 137.9 within the year-ago interval.
The Present Situation Index, which gauges shopper views on present market situations, climbed from 170.6 to 172.3….