Consumer sentiment lingers near record low in October
The University of Michigan Surveys of Consumers said consumers remain frustrated with high prices eroding their living standards Consumer sentiment remained negative in October, dropping one-tenth of an index point to 48.0 in the University of Michigan Surveys of Consumers. The survey, which recorded its second-lowest reading in its 74-year history, found consumers are frustrated with high prices eroding their living standards. The share of consumers spontaneously mentioning high prices increased for the fourth consecutive month to 56% in October compared with 45% in January. Over 40% of survey respondents mentioned gas prices without being prompted. The Bureau of Labor Statistics reported that the annual inflation rate for the 12-month period ending in September increased to 3.7%. The survey also found that expectations for inflation in the year ahead increased to 4.7% from 4.6% in September.
Veröffentlicht : vor 3 Tagen durch Susan Carpenter in Politics Finance
Americans’ negative feelings about the economy are persisting in October, with consumer sentiment dropping one-tenth of an index point to 48.0 in the new University of Michigan Surveys of Consumers re... [2642 symbols]
