US: Consumer confidence to post 1.9pp decline in October - Nomura

Analysts at Nomura expect a modest 1.9pp decline to 136.0 in the US Conference Board’s October consumer confidence index, a still-elevated reading consistent with solid labor market activity.

Key Quotes

“Consumer confidence in the University of Michigan’s October survey declined slightly but remains in territory consistent with a healthy consumer outlook. Continued consumer optimism will likely support healthy growth in personal spending.”