The University of Michigan reported a final October consumer sentiment reading of 48.0 on Friday, down from 48.1 in September. That is the lowest level in five months, according to Bloomberg.
The University of Michigan index edged down to 48.0 from 48.1 in October as year-ahead inflation expectations rose to 4.7% from 4.6%
The University of Michigan reported a final October consumer sentiment reading of 48.0 on Friday, down from 48.1 in September. That is the lowest level in five months, according to Bloomberg.
The index sits 10.4% below the 53.6 recorded in October 2025 and 15% below its February level, just before the Iran conflict began, the university said.
The Current Economic Conditions index fell to 46.7 from 50.9, a drop of 8.3%. The Index of Consumer Expectations rose to 48.8 from 46.3, an increase of 5.4%.
Joanne Hsu, director of the university's Surveys of Consumers, said the decline in current conditions came entirely from buying conditions for durable goods, which plunged 18% on higher interest rates and growing concern about the affordability of such purchases. The durable-goods gauge reached a record low, according to Bloomberg.
Year-ahead inflation expectations rose...