US consumer confidence declined

The US consumer confidence declined last week to the second lowest value since mid-December last year, as the Americans sentiment about their personal finances worsen. The index dropped from 41.6 points to 41.4 points during the week ending in October 2. Also are decreasing the indices tend to buy (from 38.7 to 38.3 points) and personal finance (from 54.5 to 53.8 points). The estimates about the prospects of the economy grow by a four-month low from 31.4 points to 32.1 points.

The survey shows that consumer attitudes are in a state of waiting. In the third quarter of 2016, the average value of the index is 42.9 points, against 43 points in the period April-June 2016. Although a steady growth of jobs satisfy Americans, the modest increases in wages are among the reasons there is no further progress. Meanwhile the consumer confidence is high enough to support consumer spending and the economy as a whole.

Interesting details include the study concluded that attitudes among employees full time deteriorated to their lowest level since May. Confidence among Americans between 18 and 34 years reported the second worst value in September 2015.

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