Economic Buzz: US Consumer Sentiment Revised To 59.9 In October

31 Oct 2022 , 09:00 AM

Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment improved by slightly more than originally estimated in the month of October. The report showed the consumer sentiment index for October was upwardly revised to 59.9 from the preliminary reading of 59.8. The revised reading for October is modestly higher than the final September reading of 58.6, with the index continuing to recover from all-time low of 50.0 in June. The modest monthly increase by the headline index came as the current economic conditions index jumped to 65.6 in October from 59.7 in September. On the other hand, the index of consumer expectations fell to 56.2 in October from 58.0 in the previous month. Powered by Commodity Insights