The State of the Economy for October 2024

Consumer confidence saw the strongest monthly gain since March 2021, according to the latest The Conference Board Consumer Confidence Index®. The index registered 108.7 in October, up from 99.2 in September, after consumers’ assessment of current business conditions and job availability, plus future business conditions, income and job availability all climbed this month. 

Join Erik Lundh and guest Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center at The Conference Board, to find out where consumers stand on the labor market, spending and inflation ahead of next week’s US elections. 

(00:32) October Consumer Confidence Insights (01:35) Demographic Breakdown of Confidence (02:19) Expectations for Employment and Recession (03:36) Inflation and Interest Rates (06:31) Impact of Elections and Hurricanes (08:34) Holiday Buying Plans (11:42) Consumer Confidence and Economic Outlook (16:34) Global Economic Overview (25:42) Emerging Markets and Interest Rates

For more from The Conference Board: 

• US Consumer Confidence Bounced Back in October 

• Download the full Consumer Confidence Survey Report