Consumer sentiment has improved in the world’s largest economy

The Consumer Sentiment Index of the Michigan University improved more than expected in September.

In September, the uncompleted Consumer Sentiment Index of the Michigan University rose from the previous month’s 96.2 points to 100.8. Analysts expected 96.6 points.

The two sub-indices of the indicator both strengthened. The index of the economy’s current position rose to 116.1 points from the 110.3 points of August. The indicator reflecting consumer expectations in the future improved from 87.1 to 91.1 points. (MTI)