US EditionUS consumer sentiment stable in October, labor market worries remain
Consumer sentiment declined for the third consecutive month to 55, as inflation expectations remain near 4.6% and job market concerns persist, according to University of Michigan data.
- Consumer sentiment in the United States decreased slightly to 55 in October, marking the third consecutive month of decline, according to preliminary University of Michigan survey data released Friday.
- This continued slide reflects persistent worries about inflation, a weakening labor market, and the uncertainty surrounding a protracted government shutdown.
- Analysts noted that although Americans saw some improvements in their current financial situations, concerns about future finances and job prospects offset any gains.
- Inflation expectations for the coming year edged down to 4.6% in October after being at 4.7% the previous month, while consumer sentiment dropped to 55, coming in lower than Wall Street’s forecast of 55.8.
- Recent data indicate that consumer attitudes have reached near their lowest level in three years, raising the risk of reduced consumer spending if negative trends persist.
30 Articles
30 Articles
Consumer confidence remains fragile, new economic survey data shows
Consumer sentiment around the U.S. dipped in October, sinking to a five-month low as Americans fret over a stalling job market and stubbornly high inflation, new private economic data shows. The University of Michigan’s preliminary October sentiment index, released Friday, shows consumer sentiment fell 0.1% on a monthly basis, from 55.1 points in September to 55. While the drop was nominal, it represents the third consecutive month the confidenc…
Consumer confidence remains fragile, latest University of Michigan index shows
Consumer sentiment around the U.S. dipped in October, sinking to a five-month low as Americans fret over a stalling job market and stubbornly high inflation, new private economic data shows.The University of Michigan’s preliminary October sentiment index, released Friday, shows consumer sentiment fell 0.1% on a monthly basis, from 55.1 points in September to 55. While the drop was nominal, it represents the third consecutive month the confidence…
Americans aren’t worried about the government shutdown. But they remain unnerved about the cost of living and weak hiring
Persistent worries about the higher cost of living and few job opportunities pushed consumer sentiment down to its seventh-lowest level in October, on records going back to 1952.
Consumer sentiment little changed in October, better than expected
U.S. consumer sentiment inched down to 55.0 in October's preliminary estimate, better than the 54.1 expected and slightly lower than the prior month's 55.1, according to a University of Michigan survey released Friday.
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