The University of Michigan's preliminary October consumer sentiment index reading was 101.1, compared to the final September 95.1 and the preliminary September 95.3, according to market sources.

The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report.
The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report. Bloomberg News

The expectations index was 91.3, compared to the final September 84.4 and the preliminary September 83.4.

The current conditions index was 116.4, compared to the final September 111.7 and the preliminary September 113.9.

Economists polled by IFR Markets had predicted a 95.4 reading for the main index, 85.2 for expectations and 111.9 for current conditions.

The five-year inflation expectation index was 2.4%, compared to 2.5% in September, while the one-year inflation expectation index was 2.3%, compared to 2.7% in September.

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

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