Consumer confidence in US grows in September

Economy 9/14/2018, 4:04 PM
Consumer confidence in US grows in September

Confidence among consumers in the United States improved further in September, preliminary survey results conducted by the University of Michigan showed on Friday. The Michigan Consumer Sentiment Index (MCSI) figure stood at 100.8 in the last reported month, advancing 4.8% compared to August and 6% year-over-year. The release noted that the level reached is the highest since March, and before that, since 2004.

Chief economist for surveys of consumers, Richard Curtin, pointed out: "While consumers were somewhat more likely to anticipate that the economic expansion would continue uninterrupted over the next five years, nearly as many expected another downturn sometime in the next five years. The largest problem cited on the economic horizon involved the anticipated negative impact from tariffs."

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