U.S. Consumer Sentiment Index Declines Unexpectedly

Posted By on September 17, 2010

Maybe the government isn’t reading the room, how can anyone say the consumer sentiment drop was unexpected!

Confidence among U.S. consumers unexpectedly dropped to a one-year low in September, indicating the biggest part of the economy is being held back by a struggling labor market.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment fell to 66.6 from 68.9 in August, the group said today. This month’s reading was less than the most pessimistic forecast in a Bloomberg News survey.

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