US Consumer Sentiment Revised Up in September


The final reading of the University of Michigan's consumer sentiment for the United States increased to 91.2 in September of 2016 from a preliminary reading of 89.8 and a final of 89.8 in the previous month. It is the highest reading in three months and better than market expectations of 90. Consumers were more confident about the future and less pessimistic over current conditions than initially anticipated.

The gauge of current economic conditions declined less than estimated (final of 104.2 compared to a preliminary of 103.5 and a final of 107 in August). In addition, the barometer of consumer expectations rose more (82.7 from a preliminary of 81.1 and a final of 78.7 in August). 

Americans expect the inflation rate in the next year to be 2.4 percent (2.3 percent in the preliminary estimate and 2.5 percent in August) and to be higher at 2.6 percent over the next 5 years (2.5 percent in both preliminary and August).

US Consumer Sentiment Revised Up in September


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
9/30/2016 2:15:22 PM