Consumer sentiment in the U.S. has seen a modest improvement in the month of October, according to preliminary data released by the University of Michigan on Friday.
The University of Michigan said its consumer sentiment index crept up to 59.8 in October from 58.6 in September. Economists had expected the index to inch up to 59.0.
With the slightly bigger than expected uptick, the consumer sentiment index continued to recover from all-time low in June, reaching its highest level since hitting 65.2 in April.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.