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- U.S. consumer sentiment improves less than initially estimated in October
U.S. consumer sentiment improves less than initially estimated in October
The final
reading for the October Reuters/Michigan index of consumer sentiment came in at
95.5 compared to a preliminary reading of 96.0 and the September final reading of 93.2.
Economists had
forecast the index to be unrevised at 96.0.
According to
the report, the index of the current economic conditions increased to 113.2
from September’s final reading of 108.5.
Meanwhile, the
index of consumer expectations rose to 84.2 from September’s final reading of 82.4.
“The October
level was nearly identical to the 2019 average (95.6) and only a few
Index-points below the average since the start of 2017 (97.0),” the report
noted. It added, “the focus of consumers has been on income and job growth,
while largely ignoring other news.”
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