US consumer confidence rebounds in October after 3 declines

U.S. consumer confidence rose in October after three straight declines as the public’s anxiety about the delta variant of coronavirus appear to have abated

SILVER SPRING, Md. -- U.S. consumer confidence rose in October after three straight declines as the public's anxiety about the delta variant of the coronavirus appear to have abated.

The Conference Board reported Tuesday that its consumer confidence index rose to a reading of 113.8 in October, up from 109.8 in September.

Consumer spending makes up about 70% of all economic activity in the U.S., so economists pay close attention to the numbers for a better idea of what’s to come for the national economy.

Consumers' view of the present situation rose to a reading of 147.4 from 144.3, while the future expectations index climbed to 91.33 from 86.7.