By Vicki Needham - 10/26/10 05:01 PM EDT
"Despite the uptick in expectations, consumers continue to be quite concerned about the short-term outlook," Franco said. "Both present and future indicators point toward more of the same in the coming months.”
Confidence hasn't fluctuated much during the past year and has mostly stayed in the 40s and 50s. In October 2009, the index was 48.7 reaching a high in May of 62.7. September's index marked its lowest since February and was down from 53.2 in August.
Consumers were also mixed about future job prospects. The percentage of consumers anticipating fewer jobs in the months ahead declined to 22 percent from 22.6 percent.
The percentage anticipating more jobs declined to 14.1 percent from 14.5 percent. The proportion of consumers expecting an increase in their incomes declined to 9.1 percent from 10.3 percent.