Tuesday, September 18, 2012

USA Consumer Sentiment At 4-Month High, Americans More Upbeat

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USA Consumer Sentiment: Thomson Reuters / University of Michigan

Consumer sentiment boosted in early September by optimism on jobs

(Reuters) - Consumer sentiment unexpectedly rose in early September to its highest level in four months as Americans were more upbeat about their economic and job prospects.

The Thomson Reuters/University of Michigan's preliminary September consumer sentiment index rose to 79.2 from 74.3 in August. That topped expectations for a decline to 74.0, according to a Reuters poll.

The gauge of consumer expectations climbed to 73.4 from 65.1, though the barometer of current economic conditions nudged down to 88.3 from 88.7. Both the sentiment and expectations measures were at their highest level since May.

But the improved optimism was likely a temporary bounce after the recent presidential candidate conventions, the report cautioned. "The sooner it is tempered, the less economic damage will be incurred due to failed expectations," survey director Richard Curtin said in a statement.

USA Consumer Sentiment by Month

USA Consumer Sentiment by Year

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