US consumer sentiment slips to five-month low in October
Briefing by News4U · First published
The University of Michigan’s final sentiment index eased to 48 from 48.1 in September, beating economist estimates despite high prices and rising rates.
US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale, according to Bloomberg. [1]
The University of Michigan’s final sentiment index eased to 48 from 48.1 in September, an improvement from the preliminary reading that topped all estimates in a Bloomberg survey of economists. [1]
Sources
- US Consumer Sentiment Slips to Five-Month Low on Inflation
Bloomberg · · Summary only