Consumer Sentiment Highest in More Than a Year
Ann Arbor, MI, Sept. 12, 2014 -- U.S. consumer sentiment rose in September to its highest level in more than a year, according to the Thomson Reuters/University of Michigan index.
The September reading came in at 84.6, the highest since July 2013, up from 82.5 in the final August reading.
"All of the early September gain was in the Expectations Index, while consumers judged current economic conditions slightly less favorably than in August," survey director Richard Curtin said in a press release.
The survey showed that while consumers anticipate a slowdown in employment growth, they expect the highest rate of growth in pay in six years.