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Consumer Sentiment: Modest Declines As Expected, Still Strong

September 15, 2017
Bottom Line: The University of Michigan's preliminary survey index indicated that consumer sentiment fell just slightly in September, as expected. However, the expectations component of the index fell due to concerns about the hurricanes' impact on the national economy . Among those respondents who mentioned the hurricanes without prompting the index was 80.2, versus 96.8 for those who didn't appear to consider the impact of the hurricanes. Overall, consumer sentiment remains strong, though there was some concern among consumers about the potential impact of two hurricanes striking US shores within a matter of weeks.

Consumer Sentiment FELL by 1.5 points in early September to 95.3%, compared with market expectations for a decrease to 95.0%. Despite this month's slight decline, sentiment is now 4.5% ABOVE its year ago level.

Current Conditions ROSE by 3.0 points to 113.9%. This is 9.3% ABOVE their year ago level.

Consumer Expectations FELL by 4.3 points to 83.4%. Despite this month's modest decline, expectations are 0.8% ABOVE its year ago level.