University of Michigan Wolverines head football coach Brady HokeAPMichigan head coach Brady Hoke reacts on the sideline after a Michigan miscue in the fourth quarter of an NCAA college football game with Notre Dame, in Ann Arbor, Mich., Saturday, Sept. 7, 2013.

preliminary results from the University of Michigan’s September consumer confidence survey are out.
The headline index dropped to 76.8 from August’s 82.1 reading.

Economists predicted a tick down to 82.0.

The economic conditions sub-index fell to 91.8 from 95.2, while the economic outlook sub-index fell to 67.2 from 73.7.

Inflation expectations one year ahead rose to 3.2% from 3.0%, while inflation expectations five years ahead edged up to 3.0% from 2.9%.

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