US Consumer Sentiment at 13-Month Low


The preliminary reading of the University of Michigan's consumer sentiment for the United States fell to 87.9 in October of 2016 from 91.2 in September. It is the lowest figure since September last year and well below market expectations of 91.9, hurt by a fall in future expectations.

The barometer of future expectations declined to 76.6 from 82.7 in September and below market forecasts of 82.7. In contrast, the gauge of current economic conditions rose to 105.5 from 104.2 in September and better than estimates of 104.7.

Americans expect the inflation rate in the next year to be 2.4 percent, the same as in September and to be lower at 2.4 percent over the next 5 years (2.6 percent in September). 

US Consumer Sentiment at 13-Month Low


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
10/14/2016 2:23:26 PM