Posted on 10/14/2011 8:07:45 AM PDT by george76
A gauge of consumer sentiment declined in October, as expectations and views on current conditions fell...
The preliminary sentiment reading for October hit 57.5, compared with 59.4 in September. Economists polled by MarketWatch had expected a slight rise, to 59.7, with volatility in the stock market offsetting lower gas prices.
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The sentiment reading, which covers how consumers view their personal finances as well as business and buying conditions, averaged about 87 in the year before the start of the most recent recession.
(Excerpt) Read more at marketwatch.com ...
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