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Economic Update: University of Michigan’s Consumer Sentiment Index

The final reading for the University of Michigan’s Consumer Sentiment Index for October was reported at 82.6, which was below the consensus for 82.8 and the preliminary reading of 83.1, but above last month’s reading of 78.3.

The October reading was the best level in the last twelve months and the highest seen since September 2007.

Note that there are two reports for the Confidence Index each month: Preliminary and Final.

Last 12 months for comparison purposes:

• September: 78.3
  
• August: 74.3
  
• July: 72.3
  
• June: 73.2
  
• May: 79.3
  
• April: 76.4
  
• March: 76.2
  
• February: 75.3
  
• January: 75.0
  
• December: 69.9
  
• November: 64.1
  
• October: 60.9

The Current Conditions component was reported at 88.1, which was above last month’s reading of 87.7 (Aug: 88.7, July: 82.7, June: 81.5, May: 87.2).

Finally, the twelve month Economic Outlook came in at 79.0, which was above last month’s 73.5 (Aug: 65.1, July: 65.6, June: 67.8).

Looking for the details and trend of the current economic data? Check out our all-new State of the Economy report . The report also includes a rating of the most recent trends, sorted by economic category. It’s a quick-read, executive summary of all the vital economic stats. Sign Up to receive an email alert when State of the Economy reports are published

 

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