Consumer confidence in the US unexpectedly rose in October. For the first time in four months, people's views on the job market and business environment improved. According to data released by the World Federation of Large Enterprises on Tuesday, the consumer confidence index rose 7.5 points to 91.7, the highest since June. Economists surveyed by Bloomberg estimated the median value of 81. The indicator measuring expectations for the next six months rose nearly 7 points to 72.6 in October, while the current status index rose to a six-month high. “The recovery in confidence coincides with the fall in retail gasoline prices from September to October,” Fergus McCormick, a senior economist at the World Federation of Large Businesses, said in a statement. “However, despite an increase in October, consumer confidence has continued its long-term decline over the past few years.” According to the survey, there are more Americans who think the business environment is good than those who think the situation is poor, and the proportion of respondents who think there are sufficient employment opportunities rose to a six-month high. Despite an improvement in confidence this month, consumers are still concerned about the impact of rising prices on household budgets and that wage growth is lagging behind inflation. Recently, borrowing costs have also risen, making buying a house, car, and other large expenses more difficult to afford.

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