Updated: 16-Oct-20 10:17 ET
|Updated: 16-Oct-20 10:17 ET
- 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.
- The Current Economic Conditions Index fell to 84.9 from 87.8.
- The Index of Consumer Expectations rose to 78.8 from 75.6.
- 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.
| Present conditions