NEW YORK - The University of Michigan's final October consumer sentiment index reading was 67.7, compared to the preliminary October 67.9, the final September 68.2, the preliminary September 66.6, and the final August 68.9, according to market sources.
Economists polled by Thomson Reuters had predicted a 68.0 reading for the index.
The expectations index was 61.9, compared to 64.6 earlier in October, 60.9 in September, 59.1 earlier in September, and 62.9 in August.
The current conditions index was 76.6, compared to 73.0 earlier in October, 79.6 in September, 78.4 earlier in September, and 78.3 in August.
Economists polled by Thomson Reuters had predicted a 73.8 reading for the current conditions index and 65.0 for the expectations index.
The five-year inflation expectation index was 2.8%, compared to 2.7% earlier in October, 2.7% in September, and 2.8% in August, while the one-year inflation expectation index was 2.7%, compared to 2.6% earlier in October, 2.2% in September, and 2.7% in August.
The University of Michigan index is not released to the press, but only to paying subscribers.
