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The US Consumer Confidence ticks up

By FXstreet.com,  October 26, 2010, 10:17:00 AM EDT

FXstreet.com (Barcelona) - The Conference Board's indicator gauging Consumer Confidence in the US was released today at 50.2 mildly increasing from the previous figure of 48.5, and surpassing expectations at 49.5.

The official release portrays Lynn Franco's, Director of The Conference Board Consumer Research Center opinion: "Consumer confidence, while slightly improved from September levels, is still hovering at historically low levels. Consumers' assessment of the current state of the economy is relatively unchanged, primarily because labor market conditions have yet to significantly improve".




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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