The Thomson Reuters and University of Michigan Consumer Sentiment Index fell for the second month straight in October for the lowest result since December of 2012: a 73.2 value. In addition, the Consumer Confidence Index (as reported by the Conference Board) fell nine points, or 11.2 percent, to a month to month seasonally adjusted value of 71.2. This fall can be attributed to many things, including a large part due to the government shutdown and debt-ceiling issues. Unfortunately, while these problems are temporarily assuaged, consumer confidence is unlikely to be steady as these issues are revisited.
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