Monday, 25 October 2021 04:51 GMT

Increase seen in U.S. consumer sentiment from lowest point in 10 years

(MENAFN) On Friday, Sep. 17 figures issued by the University of Michigan showed that US consumer sentiment surged early September, increasing from its lowest point in nearly ten years.

A survey composed from about 500 consumers showed that the index of consumer sentiment has surged by 0.7 points hitting 71.0 this month, a rise from 70.3 during August when it indicated its lowest point since December 2011.

The index, which measures the relative point of current and future economic circumstances, was projected to reach 72.0.

Nonetheless, the index of present economic situation decreased by 1.4 points hitting 77.1 in the present month, from 78.5 in August.

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