Consumer Sentiment Edged up in September

Consumer Sentiment rose 1.4 points in September to 91.2, according to the University of Michigan Consumer Sentiment Index.

The Current Economic Conditions Index fell 2.8 points to 104.2, while the Index of Consumer Expectations rose 4.0 points to 82.7.

“Confidence edged upward in September due to gains among higher income households, while the Sentiment index among households with incomes under $75,000 has remained at exactly the same level for the third consecutive month,” said Richard Curtin, Chief Economist of UM Surveys of Consumers. “All of the September gains were concentrated in the Expectations Index, while assessments of current economic conditions were slightly less favorable.”