MICHIGAN (dpa-AFX) – US consumer sentiment brightened again in October from low levels. Consumer sentiment, as surveyed by the University of Michigan, rose 1.3 points from the previous month to 59.9, according to a second estimate released by the university on Friday. In the first survey, 59.8 points were determined. The sentiment barometer has rebounded somewhat from June’s record high of 50.0 points. Analysts had expected 59.6 points in October.
After landing:
These tech stocks are worth investing in right now…
“While lower-income consumers saw significant improvements in sentiment, consumers with significant stock and real estate wealth showed significant sentiment declines fueled by the turbulence in these markets,” the university said in a statement. Declining petrol prices supported consumer confidence.
The University of Michigan’s indicator is a measure of the purchasing behavior of American consumers. It is based on a telephone survey of about 500 households. An assessment of the financial and economic situation and the corresponding expectations are queried./jsl/he
Source: dpa-AFX
“Amateur coffee fan. Travel guru. Subtly charming zombie maven. Incurable reader. Web fanatic.”
More Stories
Martin Schulz: “I want more courage for the United States of Europe”
US reports first case of H5N1 bird flu virus in pigs
Polestar fears US sales ban