• U.S. consumer sentiment improves more than initially estimated in September

Market news

27 September 2019

U.S. consumer sentiment improves more than initially estimated in September

The final reading for the September Reuters/Michigan index of consumer sentiment came in at 93.2 compared to a preliminary reading of 92.0 and the August final reading of 89.8.

Economists had forecast the index to be unrevised at 92.0.

According to the report, the index of the current economic conditions increased to 108.5 from August’s final reading of 105.3.

Meanwhile, the index of consumer expectations recovered to 83.4 from August’s final reading of 79.9.

“The consumer sentiment continued to post small increases throughout September due to more favorable income trends, especially among middle-income households”, the report noted. It added, however, that “despite the high levels of confidence, consumers have also expressed rising levels of economic uncertainty. Some of these concerns are rooted in partisanship, some due to conditions in the global economy (Brexit, Iran, Saudi Arabia, China), and some are tied to domestic economic policies.”

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