The University of Michigan Consumer Sentiment Index rose month over month from a final August reading of 74.1 to September’s final level of 80.4. Economists polled by Bloomberg were expecting a final September reading of 79.0 after a preliminary monthly reading of 78.9. The final index reading in September of last year was 93.2.
Month over month, consumer sentiment rose by 6.3 index points. The percentage month-over-month increase in the score was 8.5% and the year-over-year decline was 13.7%.
The consumer expectations subindex increased month over month by 7.1 points, from 68.5 to 75.6 (up 10.4%)m while the current conditions subindex […]
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