US Consumer Sentiment Revised Down in October


The final reading of the University of Michigan's consumer sentiment for the United States decreased to 87.2 in October of 2016 from a preliminary reading of 87.9 and a final of 91.2 in September. It is the lowest reading since September of 2015 due to less favorable prospects for the national economy, with half of all consumers anticipating an economic downturn sometime in the next five years.

The gauge of current economic conditions fell to 103.2 from a preliminary reaing of 105.5 and a final of 104.2 in September. In contrast, the barometer of future expectations rose to 76.8 from 76.6 in the preliminary estimate but down from 82.7 in September.

Americans expect the inflation rate to be 2.4 percent n the next year and also 2.4 percent over the next 5 years, unchanged from preliminary figures. 

US Consumer Sentiment Revised Down in October


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
10/28/2016 2:10:24 PM