by Bill McBride on 10/26/2012 09:55:00 AM
Friday, October 26, 2012
Note: I'll have much more on GDP soon.
Click on graph for larger image.
The final Reuters / University of Michigan consumer sentiment index for October declined to 82.6 from the preliminary reading of 83.1, and was up from the September reading of 78.3.
This was slightly below the consensus forecast of 83.1. Overall sentiment is still weak - probably due to a combination of the high unemployment rate and the sluggish economy - but consumer sentiment has been improving.