U.S. Consumer Sentiment Unexpectedly Dips In October
12 Octubre 2018 - 5:12AM
RTTF2
With consumers offering less favorable assessments of their
personal finances, the University of Michigan released a report on
Friday unexpectedly showing a modest decrease in U.S. consumer
sentiment in the month of October.
The preliminary report showed the consumer sentiment index
dipped to 99.0 in October from the final September reading of
100.1. The drop surprised economists, who had expected the index to
inch up to 100.4.
"Consumer sentiment slipped in early October, although it
remained at quite favorable levels and just above the average
reading during 2018," said Surveys of Consumers chief economist
Richard Curtin.
Curtin added, "It should be noted that the sharp selloff in
equities overlapped interviewing by only one evening, having
virtually no influence on the early October data."
The report said the current economic conditions index edged down
to 114.4 in October from 115.2 in September. The index of consumer
expectations also slipped to 89.1 from 90.5.
On the inflation front, one-year inflation expectations inched
up to 2.8 percent in October from 2.7 percent in September, while
five-year inflation expectations fell to 2.3 percent from 2.5
percent.
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