Consumer Confidence Falls

WASHINGTON (October 29, 2013) 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 and the decline could weigh on spending and economic growth.

The Conference Board said Tuesday that its index of consumer confidence dropped to 71.2 in October, down from 80.2 the previous month while 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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