US October prelim UMich consumer sentiment 63.0 vs 67.2 expected

  • Preliminary UMich consumer sentiment data for October 2023
Umich consumer sentiment Sept 2023
  • Prior was 68.1
  • Current conditions 66.7 vs 70.4 expected (71.4 prior)
  • Expectations 60.7 vs 65.5 expected (66.0 prior)
  • 1-year inflation 3.8% vs 3.2% prior
  • 5-10 year 3.0% vs 2.8% prior

I don't like this survey and this rise is likely due to higher gasoline prices (before the recent fall) but the market isn't going to like any of this.

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