Correction: UMich Consumer Sentiment Edges Lower in Oct


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   Corrects index readings

   SECAUCUS, NJ (DTN) -- U.S. consumer sentiment edged lower in October, with 
the Index of Consumer Sentiment down 0.1 point, or 0.2%, from September to 
finish at 48.0, the University of Michigan (UMich) Surveys of Consumers report 
showed Friday (10/23).

   Year-on-year, UMich's headline consumer sentiment reading was lower by 5.6 
points, or 10.4% from October 2025.

   The Current Economic Conditions Index, measuring sentiment about personal 
finances and buying conditions, was revised down to 46.7, or 8.3%, from 
September's 50.9. Year-on-year, the current conditions measure dropped 20.3%.

   The Index of Consumer Expectations, reflecting the 12-month economic 
outlook, rose 2.5 points, or 5.4%, to 48.8 - bucking the downtrend for the 
month. For the year though, that index was still off, declining 3%.

   "Consumer sentiment held steady this month, registering a scant one-tenth 
of an index point below September," Umich Surveys of Consumers Director Joanne 
Hsu said, referring to the headline index.

   Year-ahead inflation expectations were finalized at 4.7%, up from 4.6% in 
September. This remains well above the 3.4% level seen in February 2026 prior 
to the outbreak of the Iran conflict.

   Long-run inflation expectations rose to 3.5% from 3.4% in September, with 
inflation expectations across short- and long-term horizons holding at their 
highest levels since May.




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