Business · Economy · 2 days ago
US consumer confidence falls to its lowest level since May
A University of Michigan survey found that US consumer confidence fell in October to 46.3, its lowest level since May.
The index was below the 47.5 economists had expected and down from 48.1 in September.
It measures how Americans view current economic conditions and the outlook ahead.
Views of current conditions weakened, while expectations for future conditions edged higher.
Consumers’ expectations for both short- and long-term inflation rose for a second month, reaching their highest levels since May.
The survey director said high prices and borrowing costs were making it harder to buy long-lasting goods, with confidence falling sharply among lower-income consumers and people with smaller stock portfolios.
The survey suggests that dissatisfaction with the cost of living remains widespread, but it gives no indication of what will happen next.
US consumer confidence fell to 46.3 in October, its lowest level since May.
The University of Michigan’s preliminary index dropped 1.8 points from September and came in below the 47.5 market expectation.
The current economic conditions index fell 6.2 points to 44.7, while the expectations index rose 1 point to 47.3.
Short-term inflation expectations increased to 4.7% and long-term expectations rose to 3.5%, both for a second consecutive month.
Joanne Hsu said high prices and borrowing costs sharply weakened buying conditions for durable goods.
- Who
- US consumers, measured by the University of Michigan’s consumer sentiment index.
- What
- Consumer confidence fell to 46.3 in October, its lowest level since May.
- When
- October; preliminary data were published on October 9, 2026.
- Where
- United States.
- Why
- High prices and borrowing costs weighed on buying conditions for durable goods; the sources also report rising inflation expectations.
This story does not have two clearly opposing sides.
Siyasi yelpazenin her kesiminden tüketicilerin ekonominin gidişatının yılbaşından bu yana zayıfladığına inanmasıyla birlikte, hayat pahalılığına duyulan hoşnutsuzluk giderek artıyor
Siyasi yelpazenin her kesiminden tüketicilerin ekonominin gidişatının yılbaşından bu yana zayıfladığına inanmasıyla birlikte, hayat pahalılığına duyulan hoşnutsuzluk giderek artıyor.
The consumer confidence index was recorded at 48.1.
The preliminary consumer confidence index fell 1.8 points to 46.3.
Bloomberg HT and Dünya published reports on the preliminary index data.
- Consumer confidence
- 46.3 in October
- Monthly change
- Down 1.8 points from September
- Market expectation
- 47.5
- Current economic conditions index
- 44.7, down 6.2 points
- Consumer expectations index
- 47.3, up 1 point
- Inflation expectations
- Short-term: 4.7%; long-term: 3.5%
Sources
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