US Consumer Sentiment Drops in September

American consumers are feeling less optimistic for September, according a report released Friday.

Consumer sentiment was 85.7 in September, down from 91.9 in August, according to a monthly survey by the University of Michigan. That missed expectations for 91.2 from analysts polled by Thomson Reuters.

The reading represented a 6.7 percent monthly decline and a 1.3 percent increase from this time last year.

The closely-followed barometer of measures U.S. consumers’ attitude about the economy, including overall sentiment, feelings on the current economy and future expectations. Feelings about current economic conditions and future expectations also hit the lowest since October 2014.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza