The University of Michigan's consumer sentiment index rose slightly in September, reaching its best score since May. The increase was primarily attributed to improved sentiment among Democrats regarding current economic conditions.
Most Americans took a slightly dimmer view of the U.S. economy in September but buoyant Democrat feelings led consumer sentiment to inch higher.
The rise in consumer sentiment, however, was confined to Democrats and their view about current economic conditions. The consumer sentiment index for Democrats rose to 92.6 from 90.9, with the current conditions gauge climbing to 90.8 from 86.1 and the expectations measure dipping slightly to 93.7 from 94.
There was a small slide among Republicans as well, with the overall index moving down to 47 from 47.4. The reading of current conditions declined to 32.6 from 33.5 and the expectations index was unchanged at 56.3. Compared with one year ago, sentiment is up 1.8 percent. The current conditions index, however, is down 11.5 percent while the expectations index is up 11.6 percent,.
Consumer Sentiment Democrats Economy University Of Michigan Election
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