FOREX TradingCharts.com

Financial News: U.S. Consumer Sentiment Index Jumps To Thirteen-Year High

U.S. Consumer Sentiment Index Jumps To Thirteen-Year High In October

10/13/2017 - 10:33:00 (RTTNews)

(RTTNews) - Consumer sentiment in the U.S. has unexpectedly seen a significant increase in the month of October, according to a report released by the University of Michigan on Friday.

The report said the consumer sentiment index jumped to 101.1 in October after dipping to 95.1 in September. Economists had expected the index to edge down to 95.0.

With the unexpected increase, the consumer sentiment index surged up to its highest level reaching 103.8 in January of 2004.

"The October gain was broadly shared, occurring among all age and income subgroups and across all partisan viewpoints," said Richard Curtin, the survey's chief economist.

He added, "The data indicate a robust outlook for consumer spending that extends the current expansion to at least mid 2018, which would mark the 2nd longest expansion since the mid 1800's."

The unexpected increase by the headline index reflected improvements in both the assessment of current conditions and the economic outlook.

The current economic conditions jumped to 116.4 in October from 111.7 in September, and the index of consumer expectations surged up to 91.3 from 84.4.

On the inflation front, one-year inflation expectations tumbled to 2.3 percent in October from 2.7 percent in September, while five-year inflation expectations dipped to 2.4 percent to 2.5 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Existing Home Sales Unexpectedly Rebound In September (05 hr(s), 04 min(s), 18 sec(s) ago)
(RTTNews) - After reporting U.S. existing home sales at their lowest level in a year in the previo ...Full Story»

Bank Of Italy Estimates Q3 Growth At 0.5% (05 hr(s), 10 min(s), 18 sec(s) ago)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story»

Bank Of Italy Sees Q3 Growth Of 0.5% (05 hr(s), 11 min(s), 18 sec(s) ago)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story»

Bank Of Korea Likely To Keep Rates Low For A Prolonged Period (05 hr(s), 25 min(s), 18 sec(s) ago)
(RTTNews) - The Bank of Korea is likely to keep the policy rate at 1.25 percent not just for the r ...Full Story»

UK Logs Decade Low Budget Deficit For September (06 hr(s), 55 min(s), 18 sec(s) ago)
(RTTNews) - The UK budget posted the smallest budget deficit in a decade for the month of Septembe ...Full Story»

Italy's Current Account Surplus Rises In August (08 hr(s), 14 min(s), 18 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in August from the previous year, the Ba ...Full Story»

Latvia Producer Price Inflation Unchanged (08 hr(s), 17 min(s), 18 sec(s) ago)
(RTTNews) - Latvia's producer price inflation was unchanged in September, as an acceleration i ...Full Story»

BoJ Chief Says Economy Well Balanced By External, Domestic Demand (08 hr(s), 47 min(s), 18 sec(s) ago)
(RTTNews) - The Japan economy has been well-balanced by both external and domestic demand, Bank of ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Existing Home Sales Unexpectedly Rebound In September

10/20/2017 - 10:21 AM (RTTNews)
(RTTNews) - After reporting U.S. existing home sales at their lowest level in a year in the previo ...Full Story>>

Bank Of Italy Estimates Q3 Growth At 0.5%

10/20/2017 - 10:15 AM (RTTNews)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story>>

Bank Of Italy Sees Q3 Growth Of 0.5%

10/20/2017 - 10:14 AM (RTTNews)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story>>

Bank Of Korea Likely To Keep Rates Low For A Prolonged Period

10/20/2017 - 10:00 AM (RTTNews)
(RTTNews) - The Bank of Korea is likely to keep the policy rate at 1.25 percent not just for the r ...Full Story>>

UK Logs Decade Low Budget Deficit For September

10/20/2017 - 08:30 AM (RTTNews)
(RTTNews) - The UK budget posted the smallest budget deficit in a decade for the month of Septembe ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.