9/13/2019, 4:00 PM (Source: TeleTrader)
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US consumer sentiment improves in September

Results of a regular survey with consumers, conducted by the University of Michigan and published on Friday, showed confidence improved in September after deteriorating in August.

The initial print for the headline index, published on Friday, landed at 92, rising 2.2 points while falling 8.1 year-on-year. The subindex of current conditions rose by 1.6 points on the month and fell 8.3 points on an annual scale. The forward-looking component grew 2.5 points to 82.4 but the reading was 8.1 points lower than 12 months before.

"Consumer sentiment posted a small rebound from the sharp August decline, marking the third-lowest level since Trump's election," said Richard Curtin, head of consumer surveys. "While a recession is not anticipated in the year ahead, neither is a resurgence in personal consumption. The outlook for consumption is for a slower but positive growth, keeping the expansion going for another year," he added.

Breaking the News / MD