UM Consumer Sentiment And Expectations Measures Fell In Early October

The University of Michigan’s consumer indexes dropped sharply in the October preliminary reading, released Oct. 13. Inflation and recession worries were the culprits again. The Sentiment Index fell to 63 from 68.1 in the final September reading, down 7.5%. The Expectations Index was down to 60.7% from 66 in September, off 8%. Surveys of Consumer…