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October 22, 2018

US Consumer Confidence Shows Mixed Signals for October

by Jharonne Martis.

American consumer confidence, as measured by the Thomson Reuters/Ipsos Primary Consumer Sentiment Index, is relatively steady this October. This month, the PCSI stands at 62.5, a 0.3 point decrease from last month.

“Last month the Jobs Index reached an apex, but the other sub-indices indicated that consumers didn’t see much of a path forward for continued job market improvements,” reports Chirs Jackson, Vice President at survey research firm Ipsos.

Jharonne Martis, Director of Consumer Research at Refinitiv, said, ‘Likewise, the Thomson Reuters Same Store Sales Index estimate remains steady with a robust 3.6% growth for the third quarter. This bodes well for retail sales as we enter the holiday shopping season.”

 

Get more details on how to integrate consumer sentiment data into your investment decisions with our Ipsos surveys.

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