Nation & World

Consumer sentiment climbs

Rise is first time in four months

The Gazette

Black Friday shoppers hustle through Lindale Mall on Nov. 26, 2010, gathering their purchases for the holidays.
The Gazette Black Friday shoppers hustle through Lindale Mall on Nov. 26, 2010, gathering their purchases for the holidays.

Consumer confidence rose in September for the first time in four months as Americans grew more upbeat about the prospects for incomes and persistent low inflation.

The University of Michigan said Friday that its final index of sentiment rose to 91.2 from 89.8 in August. The median projection in a Bloomberg survey called for 90, little changed from the 89.8 preliminary September reading.

Relatively subdued gasoline and grocery costs and moderate wage increases are keeping Americans optimistic that their incomes will stretch further. At the same time, consumers’ assessments of current economic conditions were the weakest in almost a year, which may keep spending moderate after an August slowdown.

“Low inflation continues to be a source of strength that has offset meager, although improved, income increases and boosted real income expectations,” Richard Curtin, director of the University of Michigan consumer survey, said in a statement. “The slightly improved outlook for the economy came despite unchanged jobs prospects and the expectation of rising interest rates.”

Give us feedback

We value your trust and work hard to provide fair, accurate coverage. If you have found an error or omission in our reporting, tell us here.

Or if you have a story idea we should look into? Tell us here.

CONTINUE READING

MORE Nation & World ARTICLES TO READ NEXT ...

Spoiler Alert.'Avengers: Infinity War' makes its predecessors seem like small potatoes. The 19th film within the Marvel Cinematic Universe, it combines nine franchises and more than 30 major characters. Audiences now have a decade ...

PARIS - Global wine output fell to its lowest level in 60 years in 2017 due to poor weather conditions in the European Union that slashed production in the bloc, international wine organization OIV said.Wine production totaled 250 ...

Give us feedback

We value your trust and work hard to provide fair, accurate coverage. If you have found an error or omission in our reporting, tell us here.

Or if you have a story idea we should look into? Tell us here.