U.S. October Consumer Confidence Index Falls to 92.8 From 96.7

U.S. consumer confidence fell for a third straight month in October, a private survey showed, suggesting rising voter discontent with the economy a week before President George W. Bush seeks re-election.
The Conference Board’s consumer confidence index dropped to 92.8 from a revised 96.7 in September, lower than previously estimated. Americans’ assessment of the current economy and their outlook for the next six months fell.

The survey is the Conference Board’s last before the U.S. presidential election. Since the index began in 1967, every incumbent president facing re-election with consumer confidence below 99 on Election Day has lost.

Bloomberg