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 said Friday that 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.
Falling confidence can cause Americans to spend less, which would slow the economy, though the relationship isn't automatic.