Friday, September 26, 2014

Consumer Sentiment Improved in August

According to the University of Michigan Consumer Sentiment index, consumer sentiment rose in September to 84.6, the highest value since July 2013.

Current expectations declined slightly to 98.9, but still remain at the second highest level all year. Future expectations jumped to 75.4, the highest reading since July 2013. While consumers are less optimistic about the future in comparison to the present, the gap between current and future expectations shrank.

The report indicated that inflationary expectations subsided slightly from the month prior, calling for 3.0% inflation over the next year and 2.8% over the next 5 years.

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