The consumer sentiment index rose to its highest level in five months in November, propelled by a slightly better economic outlook. However, despite the gain, sentiment remains at a low level, and not high enough to suggest a s…
Despite a decent 2% rise in third-quarter GDP growth and plunging initial jobless claims, consumer sentiment dipped to an 11-month low of 67.7 in its final October reading, down from the preliminary 67.9 October tally, and 68.2 level in September.
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The Thomson Reuters/University of Michigan survey found that consumer sentiment slipped to 67.9 in October from 68.2 in September, as Americans continued to be reluctant about purchasing decisions amid uncertain income gains.
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September’s consumer sentiment level unexpectedly rose to 68.2 from its preliminary 66.6 reading. However, the entire gain came from more positive responses among households earning under $75,000 — those who wouldn’t be affect…
While the manufacturing sector continued to expand and the U.S. budget deficit was less than expected in August, consumer sentiment unexpectedly hit a roadblock, falling 2.3 points in September to 66.6 — the index’s lowest level since August 2009.
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