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U.S. consumer sentiment at highest since July 2007
U.S. consumer sentiment rose in October to the highest in more than seven years, boosted by views on personal finances and the national economy, a survey released on Friday showed. The Thomson Reuters/University of Michigan preliminary October reading on the overall index on consumer sentiment came in at 86.4, the highest since July 2007. The gains were unexpected, as a Reuters survey showed a forecast for a slip to 84.1 from last month's 84.6 reading. "The data show absolutely no signs that fear and panic is about to overtake the consumer sector," survey director Richard Curtin said in a statement, referring ... (full story)
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