Two separate measures of consumer confidence found that it had risen in October. The CEA/CNET number increased for the third straight month, while the Conference Board reported an increase as well.
The CEA-CNET Index of Consumer Expectations (ICE) rose to 167.1 in October, although the CE-focused companion index, the CEA-CNET of Consumer Technology Expectations (ICTE), posted a drop of 1.6 points.
The Conference Board's measure, meanwhile, rose to 50.2 from 48.6 last month.
“Consumer confidence, while slightly improved from September levels, is still hovering at historically low levels,” said Lynn Franco , director of The Conference Board Consumer Research Center. “Consumers' assessment of the current state of the economy is relatively unchanged, primarily because labor market conditions have yet to significantly improve.”