October consumer confidence fell


Consumer confidence worsened in October after picking up in the preceding month, the government said Tuesday, suggesting concern is growing that the sales tax hike next year may weigh on the economy.

The seasonally adjusted index of sentiment among households made up of two or more people fell 4.2 points from the previous month to 41.2, the Cabinet Office said. Readings below 50 indicate pessimists still outnumber optimists.

Coronavirus banner