"Consumer sentiment slipped in early October, although it remained at quite favorable levels and just above the average reading during 2018 (98.5)," the University of Michigan's Surveys of Consumers chief economist, Richard Curtin, said.
- The small decline was due to less favorable assessments by consumers of their personal finances.
- The downward revisions in the rate of growth in household incomes were accompanied by upward revisions in the year-ahead expected inflation rate, weakening real income expectations.
- The sharp selloff in equities overlapped interviewing by only one evening, having virtually no influence on the early October data.
October (preliminary) results
- Index of Consumer Sentiment at 99 vs 100.1 in September.
- Index of Current Economic Conditions at 114.4 vs 115.2 in September.
- Index of Consumer Expectations at 89.1 vs 90.5 in September.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.