The University of Michigan's final October consumer sentiment index reading was 82.6, compared to the preliminary October 83.1, the final September 78.3, and the preliminary September 79.2, according to market sources.

The expectations index was 79.0, compared to 79.5 earlier this month, 73.5 in September, and 73.4 earlier in September.

The current conditions index was 88.1, compared to 88.6 earlier this month, 85.7 in September, and 88.3 earlier in September.

Economists polled by Thomson Reuters had predicted an 83.0 reading for the main index, 89.0 for current conditions and 79.8 for expectations.

The five-year inflation expectation index was 2.7%, compared to 2.8% in September, while the one-year inflation expectation index was 3.1%, compared to 3.3% in September.

The University of Michigan index is not released to the press, but only to paying subscribers.

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