The University of Michigan’s preliminary September consumer sentiment index reading was 70.2, compared to the August reading of 65.7, the mid-August 63.2, and the final July 66.0, according to market sources.

Economists polled by Thomson Reuters had predicted a 67.0 reading for the index.

The expectations index was 69.2, compared to 65.0 last month, 62.1 earlier in August, and the 63.2 in July.

The current conditions index was 71.8 in September, compared to 66.6 in August, 64.9 at mid-August, and the 70.5 final in July.

Economists polled by Thomson had predicted a 67.5 reading for the current conditions index and 66.0 for the expectations index.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.