The Conference Board Consumer Confidence Index rose from 109.3 to 113.8; economists expected the index to decrease to 108.
The preliminary reading of Gross Domestic Product (GP) for Q3 came in at 2.0%, below the consensus estimate of 2.6%.
Personal Income for the month of September decreased more than expected; the estimate called for a decrease of -0.3% whereas the actual decrease was -1.0%.
Personal Consumption Expenditures (PCE) for the month of September was in-line with estimates, increasing by 0.3%. The year-over-year reading also came in in-line with economists’ estimates, rising 4.4%.
