Economists may be saying that the economy is improving, but consumers seem to not have gotten the message.
The Consumer Confidence Index was 47.7% in October, down from 53.4% in September, The Conference Board reported today.
The New York City-based research organization's survey of 5,000 families also indicated that the Present Situation Index, which measures consumer assessment of current conditions, is 20.07%, down from 23 in September.
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