USA: consumer confidence improves a little in September

The index stood at 58.6 points, less than the 59.5 points of the preliminary estimate, published in the middle of the month, and less than analysts’ expectations.

Consumer confidence in the United States improved a little in September compared to August, with the economic outlook for the year ahead looking a little less gloomy, according to the final estimate released Friday by the University of Michigan. .

The index stood at 58.6 points, less than the 59.5 points of the preliminary estimate, published in the middle of the month, and less than analysts’ expectations.

The latter predicted that the final index would be identical to the preliminary index.

It is, however, up 0.7% from August.

The main factor behind this improvement is the slight slowdown in inflation.

“Conditions for purchasing durable goods and the one-year economic outlook have continued to improve from the extremely low figures of the beginning of the summer”, commented the director of the survey Joanne Hsu, quoted in the report. communicated.

In contrast, the long-term economic outlook, beyond a year, looks bleaker, she said.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.