Ann Arbor, MI, October 28, 2005--Consumer sentiment fell slightly in late October, according to media reports of proprietary research at the University of Michigan.
The University of Michican consumer sentiment index dropped to 74.2 in October from 76.9 in September and 75.4 in early October. It's the lowest reading since October 1992.
Economists expected a bounce to 75.9 in the final October reading.
The current index fell to 91.6 in October from 98.1 in September and 95.7 in early October. The expectations index fell to 63.2 in October from 63.3 in September. It was 62.4 in early October.
