University of Michigan's consumer sentiment index hit 70.1, surpassing expectations, while short-term inflation eased.
Sectors & Industries
September 30, 2024
The University of Michigan's consumer sentiment index for the U.S. was revised up to 70.1 in September 2024, the highest in five months, surpassing the preliminary reading of 69 and beating expectations of 69.3.
The current economic conditions measure increased to 63.3 from 62.9, and the expectations index rose to 74.4 from 73. Inflation expectations for the next year fell to 2.7% from 2.8%, while the five-year inflation outlook rose slightly to 3.1% from 3%.
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