Consumer Sentiment the lowest level since October
A late-month boost among wealthier Americans kept consumer sentiment from falling as much as forecast in September, indicating some households are starting to look beyond the recent turmoil in financial markets.The University of Michigan’s consumer sentiment final index for the month decreased to 87.2, the lowest level since October, from 91.9 in August. The median projection called for a reading 86.5, compared with a preliminary September reading of 85.7.
“Consumers increasingly concluded that the stock-market declines had more to do with international conditions than the domestic economy,” Richard Curtin, director of the Michigan Survey of Consumers, said in a statement. “To be sure, a raft of recent events have been viewed as negative economic indicators by consumers.”
Euro is currently being traded few points above 1.1190 area, Sterling is at 1.5170 level, while Aussie is 0.7010 handle.
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