U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday.
HIGHLIGHTS OF MICHIGAN SENTIMENT (OCTOBER, PRELIMINARY)
Sentiment index rose to 101.1 (est. 95), highest since Jan. 2004, from 95.1 in Sept.
Current conditions gauge, which measures Americans’ perceptions of their finances, jumped to 116.4, highest since Nov. 2000, from 111.7
Expectations measure increased to 91.3, highest since Jan. 2004, from 84.4