WASHINGTON — U.S. consumer confidence fell in October as concern grew that the partial government shutdown and political fight over the nation's borrowing limit would slow growth.
The University of Michigan says its index of consumer sentiment fell to 73.2 from 77.5 in September. The index has fallen for three straight months after reaching a six-year high of 85.1 in July.
A measure of Americans' expectations for future growth fell to its lowest level since late 2011, pulling down the overall index.
"Consumers have increasingly moved toward the view that the government has become the primary obstacle to more robust economic growth," the survey said.
Americans made more negative references to the federal government this month than at any time in the roughly 50-year history of the survey.
- Obama shows his funny side while promoting...
- How expensive is your ego?
- Commuter rail travel increased from 2012 to...
- Girls who play with Barbie may not see their...
- Europe: You can't use the name Parmesan if...
- Eat a cookie, help a child: Chick-fil-A...
- 'A treasured tradition:' KSL Radiothon...
- For women, lower grades might mean more money
- Utah unemployment rate hits five-year low 18
- Dave Ramsey says: Don't waste your... 16
- Obama shows his funny side while... 14
- 'Pay the price or go dark': Going... 9
- Commuter rail travel increased from... 7
- Randy Shumway: China is a vital... 4
- For women, lower grades might mean more... 2
- Small town residents: Chevron pizza... 1