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.
- BYU grad strikes gold teaching via online...
- San Diego Comic-Con tells Salt Lake...
- Healing souls, healing a mountain
- Dave Ramsey says: Don't leave an estate with...
- Plan to simplify 2015 health renewals may...
- Does getting married really increase wealth...
- Sarah Palin launches online subscription channel
- Fast food workers vow civil disobedience
- Renewable energy advocates decry... 19
- Fast food workers vow civil disobedience 13
- San Diego Comic-Con tells Salt Lake... 11
- BYU grad strikes gold teaching via... 11
- Dave Ramsey says: Don't leave an estate... 10
- Does getting married really increase... 8
- Sarah Palin launches online... 5
- Balancing act: Survey says lack of... 4