October consumer sentiment lowest in a year

NEW YORK--U.S. consumer sentiment worsened more than expected in October, reaching its lowest level since November 2009, with concern the high main economy election next week, a survey showed on Friday.

The Thomson Reuters/University of Michigan reading on global consumer sentiment index end October is 67.7, descended in September and below the median 68.2 68.0 forecast among economists polled by Reuters.

Congress elections Tuesday, should lead to losses for the Democratic Party, at least in part because of high unemployment and points of view of consumers about how Democratic President Barack Obama manages the economy.

Rivalry electric car you distracted? driver commands: Nissan and GM took a top electric offers another it may be preferable to promote electric cars.Foreclosure mess last years Life: before you shop, join a crowd

Earlier this month, the investigation has shown consumers economic assessments is fallen as low level since Obama assumed his functions of Government.

"Residents of almost all local areas expressed discontent économique.Il wouldn't surprise the confidence of consumers to bounce back after the elections; it would be surprising that these gains proved temporary,"Director of the investigation, Richard Curtin, said in the report on Friday.""

Generally consumer spending represents about two-thirds of U.S. economic activity and is considered to be essential to recovery.

Barometer survey of the current economic situation has decreased by 76.6 septembre.Il 79.6 October provided by 73.5 future economists.

History: Economy growing modestly in the third quarter

Gauge survey until accounted for 61.9 per, edged consumer expectations above 60.9 month last reading but as a prediction of 65 years.

Measure prospects year economic consumer survey amounted to 67 against 61 in September, but the measure on the prospects for five years decreased to 70 of 73 in September.

At the same time, the one-year inflation expectations rose measure 2.7 per cent to 2.2 per cent in September and prospects for five to 10 years inflation index up to 2.8% to 2.7% in September.

Copyright 2010 Thomson Reuters.Cliquez on restrictions.


View the original article here

You can leave a response, or trackback from your own site.

0 Response to "October consumer sentiment lowest in a year"

Post a Comment

Powered by Blogger