Bloomberg
Published Sep 27, 2019 10:00AM ET
Updated Sep 27, 2019 10:21AM ET
(Bloomberg) -- U.S. consumer sentiment improved in late September while remaining subdued after an August plunge, reflecting persistent unease over trade tensions and global risks confronting the economy.
The University of Michigan's final sentiment index rose to 93.2 from a preliminary 92 and August's 89.8, according to data Friday that topped economist estimates. The gauges of current conditions and economic expectations index both showed gains from the first report, as did views on buying conditions for durable goods.
Key Insights
“ The overall trends in the sentiment index remain quite favorable, but show signs of a slow erosion,” Richard Curtin, director of the University of Michigan consumer survey, said in a statement. “ Some of these concerns are rooted in partisanship, some due to conditions in the global economy.”
Written By: Bloomberg
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