Shoppers at Third Street Promenade outdoor shopping mall on August 17, 2012 in Santa Monica, California. (Photo: Reuters)
The Survey of Consumers, a closely-watched gauge of consumer sentiment from the University of Michigan, was flat at 89.8 in September. That’s unchanged from the final reading in the prior month of August and below the median forecast anticipating a an increase to 90.8.
“Confidence was unchanged in early September from the August final and barely different from the July reading,” Surveys of Consumers chief economist, Richard Curtin said. “Small and offsetting changes have taken place in the third quarter 2016 surveys: modest gains in the outlook for the national economy have been offset by small declines in income prospects as well as buying plans.”
Preliminary Consumer Sentiment Results for September 2016
| Sep | Aug | Sep | M-M | Y-Y | |
| 2016 | 2016 | 2015 | Change | Change | |
| Index of Consumer Sentiment | 89.8 | 89.8 | 87.2 | +0.0% | +3.0% |
| Current Economic Conditions | 103.5 | 107.0 | 101.2 | -3.3% | +2.3% |
| Index of Consumer Expectations | 81.1 | 78.7 | 78.2 | +3.0% | +3.7% |
