Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High

October 11, 2017

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

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