US consumer confidence plunges on gov’t shutdown

US consumer confidence plunges on gov’t shutdown

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 said today that its index of consumer confidence dropped to 71.2 in October, down from 80.2 the previous month. September’s figure was slightly higher than initially reported.

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