US UoM Sentiment Holds at 48.0 as Current Conditions Slump

US consumer sentiment was virtually unchanged in October, with the University of Michigan’s final index edging from 48.1 to 48.0. However, Current Economic Conditions fell sharply from 50.9 to 46.7, an 8.3% monthly decline, while Consumer Expectations improved from 46.3 to 48.8. The divergence left overall sentiment broadly stable despite markedly weaker perceptions of current […]

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