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U.S. consumer confidence dips in October – Metro US

U.S. consumer confidence dips in October

FILE PHOTO: California closes indoor shopping malls as it pulls
FILE PHOTO: California closes indoor shopping malls as it pulls back from opening due to a sharp rise in positive tests of the coronavirus disease (COVID-19), in Carlsbad

WASHINGTON (Reuters) – U.S. consumer confidence fell in October, in line with expectations that economic activity would slow in the fourth quarter as the boost from fiscal stimulus fades.

The Conference Board said on Tuesday its consumer confidence index slipped to reading of 100.9 this month from 101.3 in September. Economists polled by Reuters had forecast the index rising to a reading of 102.0 in October.

(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)

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