Mubasher: US consumer confidence was nearly flat in October, with a gauge measuring sentiment recording a slight decline.

The Conference Board’s (CB) index came in at 125.9 in October, from 126.2 in September, the New York-based group said.

The gauge of views on present conditions also improved to 170.6 in October, compared with 172.3 in the previous month, whereas the expectations index went down to 94.9.

“However, confidence levels remain high and there are no indications that consumers will curtail their holiday spending,” the group’s economic indicators top director Lynn Franco said.