Consumer Sentiment in U.S. Fell Less Than Forecast in September

25 Sep 2015 | Author: | No comments yet »

Consumer sentiment falls to lowest level in nearly a year.

WASHINGTON — The University of Michigan says consumers lost confidence for the third straight month in September, worried about bad news about the global economy. Richard Curtin, chief economist for the survey, said consumers are worried about signs of weakness in the Chinese economy and continued stresses on Europe’s economies.

The overall consumer sentiment reading touched a postrecession high in January but had softened somewhat since before a sharp drop off in early September.

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