Consumer confidence dropped last week to an eight-month low as Americans grew increasingly concerned the budget standoff in Washington will damage the world’s largest economy.
The Bloomberg Consumer Comfort Index declined in the period ended Oct. 20 to minus 36.1, the lowest since February, from minus 34.1. More households were pessimistic about the economy than at any time in the past year even as lawmakers approved a deal that ended the partial shutdown of federal agencies. CONT.
Ben Schenkel, Bloomberg