Consumer sentiment below expectations in final Oct. read
The University of Michigan's final October consumer sentiment index reading was 98.6, compared to the preliminary October 99.0, and the final September 100.1, according to market sources.
The expectations index was 89.3 compared to the preliminary October 89.1, and the final September 90.5.
The current conditions index was 113.1, compared to the preliminary October 114.4, and the final September 115.2.
Economists polled by IFR Markets had predicted a 99.0 reading for the main index.
The five-year inflation expectation index was 2.4%, compared to 2.5% in September, while the one-year inflation expectation index was 2.9%, compared to 2.7% in September.
The University of Michigan index is not released to the press, but only to paying subscribers.