Affordability Drags Consumer Sentiment Down 10% in a Year
By PYMNTS
AI summary of the source article
The University of Michigan Survey of Consumers reported October’s consumer sentiment at a revised 48.0, up from an initial 46.3. This is roughly unchanged from September's 48.1 reading, though long-term views are less optimistic.
Key facts
- October’s consumer sentiment reading was revised to 48.0 from an initial 46.3.
- The October reading was nearly flat compared to 48.1 recorded in September.
- The data was released on Friday, Oct. 23, by the University of Michigan Survey of Consumers.
Source excerpt · PYMNTS
October’s consumer sentiment reading has essentially kept pace with September, though consumers’ long-term views are less optimistic. Data from the University of Michigan Survey of Consumers released Friday (Oct. 23) showed October’s reading at a revised 48.0, up from an initial 46.3 and in keeping with the 48.1 recorded in September. Although year-ahead business conditions […] The post Affordabil…