Americans' Consumer Confidence Rebounded Dramatically Off COVID Lows In October

What happened: The Conference Board's Consumer Confidence Index rose in October after falling below COVID lows in September, reaching its highest level since June. Key numbers: Headline index up 7.5 points to 91.7 versus 81.0 expected. Present Situation Index up 8.6 points to 120.4. Expectations Index up 6.9 points to 72.6. Why it matters: The beat was the biggest since May 2025, and the recovery tracked easing retail gasoline prices. The Conference Board said confidence remained on a long-term downward trend, with consumers planning less spending on services and durable goods.

The Conference Board's Consumer Confidence Index rose in October after falling below COVID lows in September, reaching its highest level since June.

The beat was the biggest since May 2025, and the recovery tracked easing retail gasoline prices. The Conference Board said confidence remained on a long-term downward trend, with consumers planning less spending on services and durable goods.