Economic Indicators

US consumer sentiment slips in October

2024.10.11 11:10

WASHINGTON (Reuters) – U.S. consumer sentiment slipped in October amid lingering frustration over high prices, a survey showed on Friday.

The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 68.9 this month, compared to a final reading of 70.1 in September. Economists polled by Reuters had forecast a preliminary reading of 70.8.

“While inflation expectations have eased substantially since then, consumers continue to express frustration over high prices,” said Surveys of Consumers Director Joanne Hsu. “Still, long run business conditions lifted to its highest reading in six months, while current and expected personal finances both softened slightly.”.

© Reuters. FILE PHOTOT: Shoppers crowd a supermarket to buy food ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 22, 2022. REUTERS/Jim Vondruska/File Photo

The survey’s reading of one-year inflation expectations rose to 2.9% from 2.7% in September. Its five-year inflation outlook dipped to 3.0% from 3.1% in the prior month.

“With the upcoming election on the horizon, some consumers appear to be withholding judgment about the longer term trajectory of the economy,” said Hsu.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,843.48 0.41%
ethereum
Ethereum (ETH) $ 3,354.05 0.84%
tether
Tether (USDT) $ 1.00 0.04%
solana
Solana (SOL) $ 260.18 0.09%
bnb
BNB (BNB) $ 653.50 3.71%
xrp
XRP (XRP) $ 1.55 12.16%
dogecoin
Dogecoin (DOGE) $ 0.466166 18.27%
cardano
Cardano (ADA) $ 1.10 24.80%
usd-coin
USDC (USDC) $ 1.00 0.07%
staked-ether
Lido Staked Ether (STETH) $ 3,354.23 0.70%
tron
TRON (TRX) $ 0.209606 5.21%
avalanche-2
Avalanche (AVAX) $ 43.68 20.73%
shiba-inu
Shiba Inu (SHIB) $ 0.000027 8.54%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,972.16 1.06%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,666.44 0.24%
the-open-network
Toncoin (TON) $ 5.60 1.21%
stellar
Stellar (XLM) $ 0.436643 55.64%
polkadot
Polkadot (DOT) $ 7.59 22.64%
bitcoin-cash
Bitcoin Cash (BCH) $ 538.59 8.79%
chainlink
Chainlink (LINK) $ 16.95 10.63%
sui
Sui (SUI) $ 3.61 0.96%
weth
WETH (WETH) $ 3,353.19 0.86%
pepe
Pepe (PEPE) $ 0.000021 0.48%
leo-token
LEO Token (LEO) $ 8.56 2.51%
litecoin
Litecoin (LTC) $ 102.08 12.99%
near
NEAR Protocol (NEAR) $ 6.29 9.86%
aptos
Aptos (APT) $ 12.66 5.37%
uniswap
Uniswap (UNI) $ 10.41 11.45%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,531.39 0.98%
hedera-hashgraph
Hedera (HBAR) $ 0.150722 13.54%
internet-computer
Internet Computer (ICP) $ 11.06 15.09%
crypto-com-chain
Cronos (CRO) $ 0.192521 0.78%
usds
USDS (USDS) $ 0.999013 0.27%
ethereum-classic
Ethereum Classic (ETC) $ 29.57 5.87%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.538916 16.01%
render-token
Render (RENDER) $ 7.91 7.29%
kaspa
Kaspa (KAS) $ 0.156673 3.03%
bittensor
Bittensor (TAO) $ 524.84 4.80%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.11%
bonk
Bonk (BONK) $ 0.00005 3.08%
whitebit
WhiteBIT Coin (WBT) $ 24.63 0.97%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.33 4.02%
vechain
VeChain (VET) $ 0.04317 31.53%
mantra-dao
MANTRA (OM) $ 3.77 1.99%
dai
Dai (DAI) $ 1.00 0.06%
dogwifcoin
dogwifhat (WIF) $ 3.40 2.81%
arbitrum
Arbitrum (ARB) $ 0.827036 4.62%
cosmos
Cosmos Hub (ATOM) $ 7.91 19.91%
blockstack
Stacks (STX) $ 2.05 5.39%
filecoin
Filecoin (FIL) $ 5.12 9.32%