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- Thomson Reuters/University of Michigan final consumer sentiment index rises to 90.0 in October
Thomson Reuters/University of Michigan final consumer sentiment index rises to 90.0 in October
The Thomson Reuters/University of Michigan final consumer sentiment index increased to 90.0 in October from 87.2 in September, down from the preliminary estimate of 92.1 and missing expectations a rise to 92.5.
"Gains in employment, a near zero inflation rate, and less pressing material aspirations have provided consumers with a renewed sense of optimism about their future financial situation," the Surveys of Consumers chief economist at the University of Michigan Richard Curtin.
The current economic conditions index rose to 102.3 in October from 101.2 in September, down from a preliminary reading of 106.7.
The index of consumer expectations was up to 82.1 in October from 78.2 in September, down from a preliminary reading of 82.7.
The inflation expectations for the next year declined to 2.7% in October from 2.8% in September.
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