Need To Know News

Final October UMich Consumer was revised marginally higher to 57.6, after plummeting from 70.3 in the preliminary report.

The index for economic conditions was revised slightly lower to 58.4 from 75 in September.

The October Outlook Index was revised up to 57 following a reading of 67.2 in September.

The final October UMich Consumer Confidence number is expected to be unchanged from the preliminary reading of 57.5.

The Current Index plunged from 75.0 to 58.9 in the preliminary report and the Expectations Index fell from 67.2 to 56.7. The 1yr inflation expectation rose from 4.3% to 4.5% and the 5yr inflation expectation fell from 3.0% to 2.8%.

Related data include:

* October Consumer Confidence (Conference Board) plummeted from 61.4 to a record low of 38.0
* October RBC-CASH Index plunged to 37 from 69.2 in September
* Weekly ABC Index declined to -47.4 from an average -42.5 prior
* October IBD/TIPP Sentiment Index declined to 41.1 from 45.8 in September

The final October UMich Consumer Confidence number is expected to be unchanged from the preliminary reading of 57.5.

The Current Index plunged from 75.0 to 58.9 in the preliminary report and the Expectations Index fell from 67.2 to 56.7. The 1yr inflation expectation rose from 4.3% to 4.5% and the 5yr inflation expectation fell from 3.0% to 2.8%.

Related data include:

* October Consumer Confidence (Conference Board) plummeted from 61.4 to a record low of 38.0
* October RBC-CASH Index plunged to 37 from 69.2 in September
* Weekly ABC Index declined to -47.4 from an average -42.5 prior
* October IBD/TIPP Sentiment Index declined to 41.1 from 45.8 in September

Other components in the index include:

• Current Conditions: 75 vs. 71prior
• Consumer Expectations: 67.2 (highest since Jan.) vs. 57.9 prior
• Consumer Sentiment: 70.3 (highest since Feb.) vs. 63 prior
• 1yr Inflation Expectation: Median 4.3% (lowest since March) vs. 4.8% prior
• 5yr Inflation Expectation: Median 2% (lowest since March) vs. 3.2% prior

The final September UMich Consumer Confidence is expected at 70.8 after a preliminary reading of 73.1.

The Current Index rose from 71.0 to 76.5 in the preliminary report and the Expectations Index increased from 57.9 to 70.9. The 1yr inflation expectation declined from 4.8% to 3.6% and the 5yr inflation expectation fell from 3.2% to 2.9%.

Related data include:
* August Consumer Confidence (Conference Board) jumped from 51.9 to 56.9
* September RBC-CASH Index jumped to 69.2 from 33.8 in August
* Weekly ABC Index improved to -43 from an average -49 in August
* September IBD/TIPP Sentiment Index rose to 45.8 from 42.8 in August