{"id":121524,"date":"2021-09-19T13:06:39","date_gmt":"2021-09-19T13:06:39","guid":{"rendered":"https:\/\/fin2me.com\/?p=121524"},"modified":"2021-09-19T13:06:39","modified_gmt":"2021-09-19T13:06:39","slug":"u-s-consumer-sentiment-steadies-in-september-after-august-plunge-umich","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/u-s-consumer-sentiment-steadies-in-september-after-august-plunge-umich\/","title":{"rendered":"U.S. consumer sentiment steadies in September after August plunge -UMich"},"content":{"rendered":"<figcaption>FILE PHOTO: A shopping cart is seen in a Target  store in the Brooklyn borough of New York, U.S., November 14, 2017.   REUTERS\/Brendan McDermid\/File Photo<\/figcaption><p>(Reuters) &#8211; U.S. consumer sentiment steadied in early September after plunging the month before to its lowest level in nearly a decade, but consumers continue to have a bleak view of the outlook amid a stiff bout of inflation, a survey showed on Friday.<\/p>\n<p>The University of Michigan said its consumer sentiment indexedged up to 71 in the first half of September from 70.3 in August &#8211; the lowest since December 2011. Economists polled by Reuters had forecast a reading of 72.<\/p>\n<p>Assessments of current conditions slipped further, to 77.1 from 78.5 in August, while the survey\u2019s forward-looking expectations index ticked up to 67.1 from 65.1, which had been the lowest since 2013.<\/p>\n<p>\u201cThe steep August falloff in consumer sentiment ended in early September, but the small gain still meant that consumers expected the least favorable economic prospects in more than a decade,\u201d the survey\u2019s director, Richard Curtin, said in a statement.<\/p>\n<p>Consumers\u2019 views of inflation remain elevated, although they appear to have stopped charging higher as they did over the summer when key official gauges of price increases hit their highest levels in years.<\/p>\n<p>The survey\u2019s one-year inflation outlook ticked back up to 4.7% this month to match July\u2019s reading, which had been the highest since 2008, from 4.6% in August. The five-year outlook, meanwhile, held steady at 2.9%.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/usa-economy-sentiment\/u-s-consumer-sentiment-steadies-in-september-after-august-plunge-umich-idUSL1N2QJ18C\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. REUTERS\/Brendan McDermid\/File Photo(Reuters) [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":121523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. consumer sentiment steadies in September after August plunge -UMich - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/u-s-consumer-sentiment-steadies-in-september-after-august-plunge-umich\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. consumer sentiment steadies in September after August plunge -UMich - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. 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