Preliminary September Consumer Sentiment Reading Unchanged From August

Preliminary September consumer sentiment reading was unchanged from August's final of 89.8 and below the Econoday consensus of 90.8. A decline in the current conditions component to a still solid 103.5 from August's 107.0 weighed on the overall index. However, expectations in the preliminary reading climbed to 81.1 from August's 78.7. This reading hints at confidence in the jobs outlook.

Recent History Of This Indicator:
Consumer sentiment has been steady and respectable, ending August with a final reading of 89.8. The expectations component has been solid which points to confidence in the jobs outlook. But current conditions, the report's second component, have been edging lower to indicate easing strength in the current jobs market. Inflation readings, reflecting the summer's downdraft in gasoline prices, have been unusually low.