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ECON: Consumer Sentiment Lowest Since April
Posted to: Micro News
Friday, September 27, 2013 9:59 AM
The overall Consumer Sentiment Index was revised to a final reading of 77.5 from a preliminary 76.8. Economists surveyed by Reuters had been expecting 78.0.
The internal components of the survey were mixed, with "current conditions" coming in slightly stronger than expected and "expectations" slightly weaker.
Despite the small miss to the downside, the headline is at it's lowest level since April, along with expectations and current conditions. This is providing a boost for bond markets in the immediate wake of the report.
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