FOREX TradingCharts.com

Financial News: U.S. Consumer Sentiment Rebounds Less Than Expected In

U.S. Consumer Sentiment Rebounds Less Than Expected In September

09/17/2021 - 10:14:00 (RTTNews)

(RTTNews) - Consumer sentiment in the U.S. has seen a modest improvement in September after falling sharply in August, according to a preliminary report released by the University of Michigan on Friday.

The report said the consumer sentiment index inched up by 71.0 in September from 70.3 in August. Economists had expected the index to rise to 72.2.

The modest increase came after the consumer sentiment index tumbled to its lowest level since December of 2011 in the previous month.

"The steep August falloff in consumer sentiment ended in early September, but the small gain still meant that consumers expected the least favorable economic prospects in more than a decade," said Surveys of Consumers chief economist, Richard Curtin.

The uptick by the headline index came as the index of consumer expectations crept up to 67.1 in September from 65.1 in August.

On the other hand, the report said the current economic conditions index edged down to 77.1 in September from 78.5 in August.

The report also showed one-year inflation expectations inched up to 4.7 percent in September from 4.6 percent in August, while five-year inflation expectations were unchanged at 2.9 percent.

"Consumers have initially reacted by viewing the rise in inflation as transitory, believing that prices will stabilize or could even fall in the future," Curtin said.

"As a result, postponing purchases is seen as a viable strategy," he added. "This implies a slowdown of spending in the months ahead and a more robust rebound later in 2022."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Confidence Unexpectedly Improves In October (25 min(s), 22 sec(s) ago)
(RTTNews) - Reflecting easing concerns about the Delta variant of the coronavirus, the Conference ...Full Story»

Hong Kong Exports Growth Eases In September (04 hr(s), 15 min(s), 22 sec(s) ago)
(RTTNews) - Hong Kong's merchandise exports grew at a softer pace in September, data from the ...Full Story»

UK Retailers Expect Sales To Rise Further In November: CBI (04 hr(s), 21 min(s), 22 sec(s) ago)
(RTTNews) - UK retailers expect sales to be above seasonal norms in November, the Distributive Tra ...Full Story»

Spain Producer Price Inflation Fastest Since 1977 (04 hr(s), 34 min(s), 22 sec(s) ago)
(RTTNews) - Spain producer prices grew at the fastest pace since 1977 in September on higher energ ...Full Story»

Eurozone Banks To Tighten Conditions For Housing Loans: ECB Survey (05 hr(s), 10 min(s), 22 sec(s) ago)
(RTTNews) - Eurozone banks plan to tighten their conditions for housing loans further in the fourt ...Full Story»

S. Korea Cuts Fuel Tax By Record 20% (05 hr(s), 31 min(s), 22 sec(s) ago)
(RTTNews) - South Korea's government and the ruling Democratic Party decided to cut the fuel t ...Full Story»

Sweden Producer Price Inflation Accelerates In September (05 hr(s), 51 min(s), 22 sec(s) ago)
(RTTNews) - Sweden's producer prices accelerated for the ninth straight month in September, fi ...Full Story»

South Africa Leading Index Rises In August (07 hr(s), 25 min(s), 22 sec(s) ago)
(RTTNews) - South Africa's composite leading index increased in August, survey data from the S ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Confidence Unexpectedly Improves In October

10/26/2021 - 10:27 AM (RTTNews)
(RTTNews) - Reflecting easing concerns about the Delta variant of the coronavirus, the Conference ...Full Story>>

Hong Kong Exports Growth Eases In September

10/26/2021 - 06:37 AM (RTTNews)
(RTTNews) - Hong Kong's merchandise exports grew at a softer pace in September, data from the ...Full Story>>

UK Retailers Expect Sales To Rise Further In November: CBI

10/26/2021 - 06:31 AM (RTTNews)
(RTTNews) - UK retailers expect sales to be above seasonal norms in November, the Distributive Tra ...Full Story>>

Spain Producer Price Inflation Fastest Since 1977

10/26/2021 - 06:18 AM (RTTNews)
(RTTNews) - Spain producer prices grew at the fastest pace since 1977 in September on higher energ ...Full Story>>

Eurozone Banks To Tighten Conditions For Housing Loans: ECB Survey

10/26/2021 - 05:42 AM (RTTNews)
(RTTNews) - Eurozone banks plan to tighten their conditions for housing loans further in the fourt ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.