The Conference Board said its consumer confidence index slipped to a reading of 125.9 this month from an upwardly revised 126.3 in September. The index was previously reported at 125.1 in September. It was 12 points lower than its reading in October last year.

Economists polled by Reuters had forecast it rising to 128.0 in October. The survey's present situation measure, based on consumers' assessment of current business and labor market conditions, increased to 172.3 this month from 170.6 in September. But the expectations index drawn from consumers' short-term outlook for income, business and labor market conditions declined to 94.9 from 96.8 last month. Separately, the S&P CoreLogic Case-Shiller national house price index increased 3.2% from a year ago in August after rising 3.1% in July. That was the first year-over-year acceleration in the rate of home price growth since March 2018.

Copyright Reuters, 2019