The final value of the University of Michigan Consumer Confidence Index for September in the United States recorded 55.1, down from 58.2, a year-on-year decrease of 21.6%, remaining above the lows seen in April and May of this year. The report indicates that about 44% of respondents mentioned that high prices are eroding personal finances, reaching a new high in the past year; the one-year inflation expectation slightly decreased to 4.7%, while the long-term inflation expectation rose for the second consecutive month to 3.7%.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The final value of the University of Michigan Consumer Confidence Index for September in the United States recorded 55.1, down from 58.2, a year-on-year decrease of 21.6%, remaining above the lows seen in April and May of this year. The report indicates that about 44% of respondents mentioned that high prices are eroding personal finances, reaching a new high in the past year; the one-year inflation expectation slightly decreased to 4.7%, while the long-term inflation expectation rose for the second consecutive month to 3.7%.