Michigan Consumer Sentiment Index Declines More Than Expected in Preliminary October Survey
MT newswire2026/10/09 14:1610:16 AM EDT, 10/09/2026 (MT Newswires) -- The University of Michigan's preliminary consumer sentiment index declined to 46.3 in October from 48.1 in September, a larger decrease than the reading of 47.6 expected in a survey compiled by Bloomberg. The current conditions index fell to 44.7 in October from 50.9 in September, while the expectations reading rose to 47.3 from 46.3. "Overall, sentiment for lower-income consumers and those with smaller stock portfolios dropped steeply this month, groups that have fewer resources to weather increases in prices," Michigan said. Respondents saw one-year inflation expectations at 4.7%, up from 4.6% in September, while five-year inflation expectations increased to 3.5% from 3.4%. The twice-monthly Michigan Sentiment index measures consumer sentiment early in the current month (the preliminary estimate) and is then revised later in the month (the final estimate). The headline index is a combination of the current assessment and expectations for the near future. An increase in the reading suggests consumers are more confident, a positive for stocks if that confidence translates into spending. Increased demand is usually inflationary, a negative for bonds.
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