US Consumer Sentiment at 3-Month High


The University of Michigan's consumer sentiment increased to 92.1 in October from 87.2 in September of 2015, beating market expectations, preliminary figures showed. It is the highest value since July as consumers are more optimistic over current and future conditions.

The barometer of current economic conditions rose to 106.7 in October from a final reading of 101.2 in September and the gauge of consumer expectations went up to 82.7 from 78.2 in the previous month.

Americans expect the inflation rate in the next year will slow to 2.7 percent from 2.8 percent in September. Over the next 5 to 10 years, they expect consumer prices to increase 2.6 percent, down from 2.7 percent in the previous month.

US Consumer Sentiment at 3-Month High


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
10/16/2015 3:14:47 PM