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  • US consumer confidence falls in October

    From breakingthenews.net

    The Consumer Sentiment Index in the United States decreased in October compared to the previous month to land at 68.9, according to a preliminary report published by the University of Michigan on Friday. The figure grew 8.8% compared to the same period of last year. The Current Economic Conditions Index saw a decline of 0.9% compared to the month prior, slumping 11.2% on an annual level, to stand at 62.7. Meanwhile, the Index of Consumer Expectations was down 2.0% on a monthly basis while jumping 22.9 compared to the same period of 2023, to come at 72.9. "Consumer sentiment inched down a meager 1.2 index points in ... (full story)

Added at 10:11am

  • US October UMich prelim consumer sentiment 68.9 vs 70.8 expected

    From forexlive.com

    Sept final reading was 70.10 • Current conditions 62.7 vs 64.3 expected (63.3 prior) • Expectations 72.9 vs 75.0 expected (74.4 prior) • 1-year inflation 2.9% vs 2.7% prior • 5-year inflation 3.0% vs 3.1% prior • I don't put much stock in this report as it's highly politicized and we're at the peak of the political cycle. Here is the commentary in the survey: Consumer sentiment inched down a meagre 1.2 index points in October, well within the margin of error, following two straight months of gains. Sentiment is currently 8% stronger than a year ago and almost 40% above the trough reached in June 2022. While ... (full story)

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