(CercleFinance.com) – US consumer confidence improved further in September, although its growth was less marked than expected, show the preliminary results of the University of Michigan’s monthly survey.
The confidence index compiled by this Midwestern university thus stood at 59.5 this month, against 58.2 in August and 60 expected by economists and analysts.
The sub-index measuring consumers’ judgment of their current situation rose slightly, to 58.9 from 58.6 the previous month, but the one measuring changes in their expectations improved more markedly, standing at 59.9. after 58 in the month of July.
Thanks to the continued decline in energy prices, household inflation expectations over a one-year horizon have eased to 4.6%, their lowest level in a year.
Copyright (c) 2022 CercleFinance.com. All rights reserved.