Consumer Mood Ticks Up, But Remains Low
> Industry News
October 4 The mood of consumers as measured by the Thomson Reuters/University of Michigan survey of consumer sentiment ticked up slightly in the last two weeks of September, but remained at a low point for the year.
The Index stood at 68.2 as September closed, up nearly two points from mid-month, but still below 68.9 in August.
"The entire late September gain, however, was among households with incomes under $75,000 while upper income households reported much less favorable economic prospects," said Richard Curtin, survey director, Reuters
reported on its website.
The current economic conditions portion of the Index improved in September, to 79.6 from 78.2 the previous month.
Consumer expectations fell to 60.9, from 62.9 in August. It was the lowest reading since spring 2009.
The consumers' one-year economic outlook also fell to a new low for the year61 in September, down eight points from August.
Read the full Reuters story here.