• İstanbul 21 °C
  • Ankara 13 °C

US consumer sentiment declines in October

US consumer sentiment declines in October
Delta variant, supply chain shortages, reduced labor force continue to dim spending into 2022, chief economist says

By Ovunc Kutlu

ANKARA (AA) - US consumer sentiment decreased in October, according to data released by the University of Michigan on Friday.

The index of consumer sentiment declined by 1.4 points to 71.4 last month, according to preliminary results from a survey compiled from around 500 consumers. The index stood at 72.8 in September.

The index of current economic conditions also fell by 2.2 points to 77.9 in October, down from 80.1 in September.

The index of consumer expectations decreased as well, by 0.9 point to 67.2, from 68.1, during that period.

"The Delta variant, supply chain shortages, and reduced labor force participation rates will continue to dim the pace of consumer spending into 2022," Richard Curtin, the chief economist with Surveys of Consumers, said in a statement.

The final October data for the indices will be released on Oct. 29 by the University of Michigan.

source: News Feed
This news is a total 17 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim