US Consumer Sentiment Flat at 89.8 in September


The preliminary reading of the University of Michigan's consumer sentiment for the United States was unchanged at 89.8 in September of 2016 from 89.8 in the previous month. Figures came below market expectations of 90.8, mainly due to less favorable current conditions while future expectations regarding the overall economy improved.

The gauge of current economic conditions declined to 103.5 from 107 in August and below forecasts of 107.5. In contrast, the barometer of consumer expectations rose to 81.1 from 78.7 and expectations of 79.3. 

Americans expect the inflation rate in the next year to be 2.3 percent, the lowest since September of 2010 (2.5 percent in August) and to be unchanged at 2.5 percent over the next 5 years.

US Consumer Sentiment Flat at 89.8 in September


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
9/16/2016 2:11:26 PM