The RealClearMarkets/TIPP Economic Optimism Index, a leading gauge of consumer sentiment, improved by 1.7% in October to 46.9, posting its 18-month high since May 2023. Since September 2021, the index has remained in negative territory for 38 consecutive months. October’s reading of 46.9 is 4.5% lower than its historical average 49.1.
Optimism among investors gained 5.7% from 52.9 in September to 55.9 in October, while it decreased by 0.5% among non-investors, from 42.5 in September to 42.3 in October.
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