Consumer sentiment below expectations in final Sept. read
The University of Michigan's final September consumer sentiment index reading was 100.1, compared to the preliminary September 100.8 and the final August 96.2, according to market sources.
The expectations index was 90.5 compared to the preliminary September 91.1 and the final August 87.1.
The current conditions index was 115.2, compared to the preliminary September 116.1 and the final August 110.3.
Economists polled by IFR Markets had predicted a 100.8 reading for the main index.
The five-year inflation expectation index was 2.5%, compared to 2.6% in August, while the one-year inflation expectation index was 2.7%, compared to 3.0% in August.
The University of Michigan index is not released to the press, but only to paying subscribers.