Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment improved by slightly more than originally estimated in the month of October.
The report showed the consumer sentiment index for October was upwardly revised to 59.9 from the preliminary reading of 59.8. Economists had expected the index to be unrevised.
The revised reading for October is modestly higher than the final September reading of 58.6, with the index continuing to recover from all-time low of 50.0 in June.
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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.