Friday, October 31, 2014

Consumer Sentiment at 7 Year High

Consumer sentiment reached 86.9 in October, a 7 year high, driven by improvements in the future expectations component.

Future expectations jumped to 79.6, the highest reading since July 2007. Current expectations declined slightly to 98.3. 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 2.9% inflation over the next year and 2.8% over the next 5 years.

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