Updated: 14-Sep-18 10:28 ET

September Mich Sentiment

Updated: 14-Sep-18 10:28 ET

Highlights

• The preliminary University of Michigan Consumer Sentiment Index hit 100.8 in September (Briefing.com consensus 97.0), which was the second-highest level since 2004. The final reading for August was 96.2.

Key Factors

• The Index of Consumer Expectations rose to 91.1 from 87.1 in August, hitting its highest level since July 2004.
• The Current Economic Conditions Index increased to 116.1 from 110.3.

Big Picture

• The key takeaway from the report is that the pickup in sentiment was widespread across all major socioeconomic groups, which is a good underpinning for solid consumer spending activity.

Category	SEP	AUG	JUL	JUN	MAY
Sentiment	100.8	96.2	97.9	98.2	98.0
Outlook	91.1	87.1	87.3	86.3	89.1
Present conditions	116.1	110.3	114.4	116.5	111.8