The final results of the University of Michigan’s September consumer confidence survey are out.
The headline index fell to 77.5 in September from August’s 82.1 reading, missing economists’ consensus estimate of 78.0.
However, the number rose from the preliminary estimate of 76.8 published by the University of Michigan earlier this month.
The sub-index of economic conditions fell to 92.6 from 95.2 in August, but was better than the preliminary September reading of 91.8.
The economic outlook sub-index fell to 67.8 from August’s 73.7 reading, but was also better than the September preliminary reading of 67.2.
Inflation expectations one year ahead rose to 3.3% from 3.0% in August, while inflation expectations 5-years ahead inched up to 3.0% from 2.9%.
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