UMich Consumer Confidence Tumbles To Lowest Since October, Worst Drop In 4 Years

Despite rising modestly from the preliminary print, UMich Consumer Sentiment for September finalised at 87.2 - the lowest since October 2014. This is now the biggest 8-month drop since 2011. Inflation expectations fell modestly as "hope" fell to the lowest level since September. Household Income gain expectations continue to slide (now just 1%) back to 13 month lows.

The exuberance is over... (unchanged since the end of QE3)

 

Charts: Bloomberg

Comments

No comments yet! Be the first to add yours.