Economic Buzz: US Consumer Confidence Improves In September

19 Sep 2022 , 08:56 AM

A report released by the University of Michigan on Friday showed a modest improvement in U.S. consumer sentiment in the month of September. Consumer sentiment index inched up to 59.5 in September from 58.2 in August. The modest increase by the headline index came as the index of consumer expectations climbed to 59.9 in September from 58.0 in August. The current economic conditions index also showed a slight increase, creeping up to 58.9 in September from 58.6 in August. One-year inflation expectations dipped to 4.6 percent in September from 4.8 percent in August, while five-year inflation expectations edged down to 2.8 percent from 2.9 percent.Powered by Commodity Insights