US consumer confidence rises to 91.7 in October, back to June levels

امریکی صارفین کا اعتماد اکتوبر میں بڑھ کر 91.7 ہوگیا

US consumer confidence rises to 91.7 in October, back to June levels

United States consumer confidence rose by 7.5 points to 91.7 in October, up from 84.2 in September, according to the Conference Board. The recovery brought confidence back to June levels and was in line with retail gasoline prices easing from September to October. However, the board said confidence remained on a long-term downward trend seen over the past few years. Consumers' average expectations for inflation over the next 12 months eased but stayed elevated at 5.8 percent.

کانفرنس بورڈ کے مطابق اکتوبر میں امریکی صارفین کا اعتماد 7.5 پوائنٹس بڑھ کر 91.7 ہوگیا، جو ستمبر میں 84.2 تھا۔ اس بہتری سے اعتماد جون کی سطح پر واپس آگیا، اور اس کی وجہ ستمبر سے اکتوبر تک پیٹرول کی قیمتوں میں کمی بتائی گئی ہے۔ تاہم بورڈ کا کہنا ہے کہ اعتماد گزشتہ چند سالوں سے جاری طویل مدتی کمی کے رجحان پر ہی ہے۔ اگلے 12 ماہ میں مہنگائی کے بارے میں صارفین کی اوسط توقعات کم ہوئیں مگر 5.8 فیصد پر بلند رہیں۔

United States consumer confidence rose by 7.5 points to 91.7 in October, up from 84.2 in September, according to the Conference Board. The recovery brought confidence back to June levels and was in line with retail gasoline prices easing from September to October. However, the board said confidence remained on a long-term downward trend seen over the past few years. Consumers' average expectations for inflation over the next 12 months eased but stayed elevated at 5.8 percent.