US: UoM Consumer Sentiment Index improves modestly to 71 in September vs. 72.2 expected

Consumer confidence in the US improved modestly in September with the University of Michigan's Consumer Sentiment Index rising to 71 (September) from  |  17/09/2021 15:07
  • UoM Consumer Sentiment Index edged slightly higher in early September.
  • US Dollar Index stays in the positive territory near 93.00.

Consumer confidence in the US improved modestly in September with the University of Michigan's Consumer Sentiment Index rising to 71 (September) from 70.3 in August. This reading came in slightly weaker than the market expectation of 72.2.

Further details of the publication revealed that the Current Conditions Index declined to 771. from 78.5 and the Consumer Expectations Index edged higher to 67.1 from 65.1.

Commenting on the data, "the steep August falloff in consumer sentiment ended in early September, but the small gain still meant that consumers expected the least favorable economic prospects in more than a decade," noted Richard Curtin, Surveys of Consumers chief economist. 

Market reaction

This report doesn't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.14% on the day at 92.99.

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com