The University of Michigan will release its final survey of consumers for October at 10 a.m. ET.
Economists forecast that the index of consumer sentiment rose to 88.2 from a preliminary reading of 87.9, according to Bloomberg.
The preliminary index fell to the second-lowest level in two years, led by a drop in confidence among households with incomes below $75,000. This was attributed to a uncertainty around the presidential election, especially among lower-income consumers.
“Prospects for renewed gains, other than a relief rally following the election results, would require somewhat larger wage increases and continued job growth as well as the maintenance of low inflation,” the preliminary survey said.
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