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The University of Michigan’s preliminary September consumer sentiment index fell to 47.8 from 51.7 in August, the second-lowest reading in the survey’s history. Expectations dropped more sharply than current conditions, while year-ahead inflation expectations rose to 4.6%.
The University of Michigan’s preliminary September reading is 47.8, down from 51.7 in August.
September consumer sentiment fell to 47.8 versus 51.4 consensus and 51.7 in August, per University of Michigan preliminary data. One-year inflation expectations rose to 4.6% and five-year implied inflation to 3.4%.
University of Michigan preliminary sentiment came in at 47.8 versus 51 forecast and 51.7 prior.
US 1-year inflation outlook falls to 4.2%