{"id":7602,"date":"2023-10-31T14:21:47","date_gmt":"2023-10-31T14:21:47","guid":{"rendered":"https:\/\/zoominfinancial.com\/business\/consumer-confidence-drops-for-third-consecutive-month\/"},"modified":"2023-10-31T14:21:47","modified_gmt":"2023-10-31T14:21:47","slug":"consumer-confidence-drops-for-third-consecutive-month","status":"publish","type":"post","link":"https:\/\/zoominfinancial.com\/?p=7602","title":{"rendered":"Consumer confidence drops for third consecutive month"},"content":{"rendered":"<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloebqhm9003z27p6hpxv4dyn@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      Americans are losing confidence about the economic outlook.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloechzhc00043b6i34ly0h0b@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      For the third month in a row, the Conference Board\u2019s Consumer Confidence Index fell \u2014 dropping to 102.6 in October from an upwardly<strong> <\/strong>revised 104.3<strong> <\/strong>in September. The index is at its second-lowest level this year, landing a hair above May\u2019s 102.5 reading, according to Conference Board data.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloeeh5on000d3b6im9kl5sdj@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      October\u2019s decline came as \u201cconsumers continued to be preoccupied with rising prices in general, and for grocery and gasoline prices in particular,\u201d Dana Peterson, chief economist at the Conference Board, said in a statement on Tuesday. \u201cConsumers also expressed concerns about the political situation and higher interest rates,\u201d she said, adding that the Israel-Hamas war also impacted consumers\u2019 views on the economy.\n  <\/p>\n<p class=\"paragraph inline-placeholder\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cloecklio00073b6iar2gvxdg@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n      <em>This is a developing story and will be updated.<\/em>\n  <\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnn.com\/2023\/10\/31\/economy\/us-consumer-confidence-october\/index.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans are losing confidence about the economic outlook. For the third month in a row, the Conference Board\u2019s Consumer Confidence Index fell&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-7602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consumer confidence drops for third consecutive month | ZoomInFinancial<\/title>\n<meta name=\"description\" content=\"Americans are losing confidence about the economic outlook. 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