US consumer confidence falls in wake of shutdown

By: Associated Press Email
By: Associated Press Email
Americans

US Capitol Building in Washington DC

WASHINGTON (AP) Americans' confidence in the economy fell this month to the lowest level since April, as many worried about the impact of a 16-day partial government shutdown. The decline could weigh on spending and economic growth.

The Conference Board says that its index of consumer confidence dropped to 71.2 in October, down from 80.2 the previous month. September's figure was revised slightly higher.

Consumers' confidence is closely watched because their spending accounts for 70 percent of economic activity.


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