The Consumer Reports Sentiment Index remained weak in October, dropping minimally to 47.6 from 48.8 the month before but reflected some degree of hope for the economy.
In particular, the indicators tracking recent and planned spending rebounded to 11.3 after hitting a 10-month low of 10.0 in September. Consumers bought a number of high-ticket items in early October, including major appliances and home electronics.
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