US Consumer Sentiment Revised Down


The University of Michigan's final reading on the overall index of consumer sentiment came in at 90 in October of 2015, lower than a preliminary reading of 92.1 and below market expectations. Consumers were less confident over future and current conditions and inflation expectations for the next 5 to 10 years decreased. Still, the consumer confidence index increased from a final reading of 87.2 in September.

The barometer of current economic conditions came in at 102.3, compared to a preliminary reading of 106.7 and a final reading of 101.2 in September. The gauge of consumer expectations went up to 82.1 from 78.2 in the previous month, but slightly lower than 82.7 initially reported.

Americans expect the inflation rate in the next year will slow to 2.7 percent from 2.8 percent in September, the same as in the earlier release. Over the next 5 to 10 years, they expect consumer prices to increase at a slower 2.5 percent, lower than a preliminary reading of 2.6 percent and 2.7 percent in the previous month.

US Consumer Sentiment Revised Down


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
10/30/2015 2:33:13 PM