Consumer sentiment improved in October
The final numbers for October indicated improvement in consumer sentiment with a reading of 60.9 but falling 10.4 percent below the level seen last year while one year inflation expectations declined to 3.2 percent.
Today's final release of the Reuters/University of Michigan Survey of Consumers for October indicated improvement in consumer sentiment with a reading of 60.9 but falling 10.4% below the level seen last year while one year inflation expectations declined to 3.2%.Skip to next paragraph
Writer, The PaperEconomy Blog
Subscribe Today to the Monitor
The Index of Consumer Expectations (a component of the Conference Board's Index of Leading Economic Indicators) rose to 51.8, and the Current Economic Conditions Index climbed to 75.1.
It's important to recognize that consumer sentiment has seriously eroded over the past few months with the current results remaining near levels not seen since 1980, a major indication that consumers are in the process of tightening even further on spending.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.