Consumer sentiment improved in October in the United States

By: Trademagazin editor Date: 2020. 10. 19. 11:10

Consumer sentiment in the United States has improved more than expected, according to a survey by the University of Michigan.

According to preliminary data from the October survey, the consumer sentiment index improved to 81.2 points from 80.4 points in the previous month.

Among the elements of the indicator, the perception of the current situation deteriorated among consumers, the relevant indicator decreased to 84.9 points from 87.8 points in the previous month. The market expected a rise of 88.5 points in October.

However, the perception of the outlook improved significantly among consumers: the indicator rose to 78.8 points from 75.6 points instead of the expected 76.5 points. (MTI)