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International Business Times
International Business Times
Business

Consumer Sentiment Keeps Dropping in October. It Just Hit a Five-Month Low.

Inflation Joanne Hsu New York Fed
Consumer sentiment hit a five-month low in October. (Credit: Getty Images)

Consumer sentiment hit a five-month low in October after dropping further over the first days of the month.

The survey of consumers from the University of Michigan showed the figure at 46.3, compared to 48.1 last month. It is also a 13.6% drop compared to the same month last year.

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