Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Consumer Sentiment Falls, Faith In Government At Historic Low
WASHINGTON (10/28/13)--The final October measure of a consumer sentiment index fell to a 10 month-low in the wake of the government shutdown in Washington.
 
The last reading of the University of Michigan/Thomson Reuters consumer-sentiment index this month was 73.5, according to data released Friday--down from a final September reading of 77.5.
 
A report issued by the two research institution on their findings concluded that consumers increasingly view the government as an impediment to economic growth. In response to an open-ended question about recent economic developments, the number of those polled who negatively mentioned the federal government in October was the highest that it has been in the more than five decade history of the survey.

The deconstructed index showed that the measure of consumer expectations fell to 62.5 in October, down from 67.8 in September, while the gauge of current-conditions dropped to 89.9 from 92.6.

Economists polled by MarketWatch expected the final October index to be 74.8 (MarketWatch, Oct. 25).


RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
10 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
11 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
13 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
13 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
14 hours ago