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Consumer confidence slips in October as Americans turn less optimistic about future

October 27, 2020

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Consumer confidence waned in October, reflecting somewhat less optimism about the jobs market and the U.S. economy in the next six months amid another outbreak of coronavirus cases.

The index of consumer confidence dipped to 100.3 this month from a pandemic high of 101.3 in September, the Conference Board said Tuesday. The decline was slightly bigger than Wall Street expected.

The latest survey was largely compiled before the sharp upturn in coronavirus cases this month, suggesting confidence could suffer an even bigger swoon in November.

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