Consumer Sentiment Falls in October

Ann Arbor, MI, Oct. 31, 2008--U.S. consumer sentiment fell in October from September, according to the University of Michigan/Reuters index released Friday.

The index fell to 57.6 in late October, compared with a reading of 70.3 in late September. Earlier in October, the reading hit 57.5. Economists were expecting a final October reading of 57.5.