Updated: 16-Oct-20 10:17 ET

October Univ. of Michigan Consumer Sentiment - Prelim

Updated: 16-Oct-20 10:17 ET

Highlights

• The preliminary University of Michigan's Index of Consumer Sentiment for October checked in at 81.2 (Briefing.com consensus 82.0). That was a bit weaker than expected, but an improvement from the final September reading of 80.4.

Key Factors

• The Current Economic Conditions Index fell to 84.9 from 87.8.
• The Index of Consumer Expectations rose to 78.8 from 75.6.

Big Picture

• The key takeaway from the report is that concerns about current conditions, which were linked to slowing employment growth, a pickup in COVID-19 infections, and the lack of additional stimulus, were offset mostly by an improvement in attitudes about prospects for the year ahead.

Category	OCT	SEP	AUG	JUL	JUN
Sentiment	81.2	80.4	74.1	72.5	78.1
Outlook	78.8	75.6	68.5	65.9	72.3
Present conditions	84.9	87.8	82.9	82.8	87.1