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“Consumer sentiment remained at very favorable levels in September, with the Index topping 100.0 for only the third time since January 2004,” the University of Michigan said in its latest Surveys of Consumers publication.

Key quotes

  • Most of the September gain was among households with incomes in the bottom third, whose index value of 96.3 was the highest since November 2000.
  • Concerns about the negative impact of tariffs were cited by nearly one-third of all consumers in September.
  • Those that voiced negative views of tariffs also held much less favorable prospects for the economy and held inflation expectations that were 0.6 of a percentage point higher than those who didn’t mention tariffs.  

September final results

  • Index of Consumer Sentiment at 100.1 vs 96.2 in August.
  • Index of Current Economic Conditions at 115.2 vs 110.3 in August.
  • Index of Consumer Expectations at 90.5  vs 87.1 in August.