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.”