October Michigan Consumer Sentiment Revised Upward from Preliminary Print, Slightly Below September Reading

10:11 AM EDT, 10/23/2026 (MT Newswires) -- The University of Michigan consumer sentiment index was revised upward on Friday to a reading of 48.0 for October from 46.3 in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg. That was slightly below the final reading of 48.1 in September. The current conditions index was revised upwards to 46.7 from a 44.7 preliminary estimate, still below the 50.9 reading in September, while the expectations index was revised upwards to 48.8 from 47.3. The index was 46.3 in September. Respondents expected a 4.7% inflation rate over the next year and 3.5% annual inflation over the next five years, both up from 4.6% and 3.4%, respectively, in September. 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.