Monthly CB Consumer Confidence

CB Consumer Confidence is level of a composite index based on surveyed households (5,000 households)  and is considered a leading indicator of consumer spending. The forecast number was for 49.3 and the actual headline number was better coming in at 50.2.

I find it worth mentioning that of those surveyed those claiming business conditions were bad declined 4.1% and those claiming business conditions were good increased 0.3%, yet when asked about the labor market the responses were less optimistic.  It would seem to be a mixed picture for the month of October when it comes to consumer confidence.