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UoM Consumer Sentiment in line with market expectations

Friday, Sep 15 2017
UoM Consumer Sentiment in line with market expectations

U.S. consumer sentiment dipped in September as Americans expressed concern about the economic and inflationary impact of Hurricanes Harvey and Irma, University of Michigan survey data showed Friday. Preliminary sentiment index fell to 95.3 (est. 95) from 96.8 in August.

Current conditions gauge, which measures Americans’ perceptions of their personal finances, increased to 113.9 from 110.9. Expectations measure decreased to 83.4 from 87.7. The figures are the first to broadly capture the effects of Harvey and Irma, which caused more than $100 billion in damage and sparked a jump in claims for unemployment benefits.

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