Ann Arbor, MI, October 29--Consumer sentiment deteriorated in October as rising energy costs and persistent job worries made Americans less optimistic about the future, according to a survey released on Friday.
The University of Michigan's said its consumer confidence index dropped to 91.7 in October, down from 94.2 in September but higher than a mid-month reading of 87.5, according to market sources who saw the subscription-only report.
Analysts in a Reuters poll had forecast that the index would slip to 88.0. The measure of current conditions climbed to 104.0 from 103.7, while the expectations component slid to 83.8 from 88.0.
