US U Mich Oct prelim consumer sentiment 81.2 vs 80.5 expected

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October preliminary consumer sentiment

  • Prior was 80.4
  • Current conditions 84.9 vs 87.8 prior
  • Expectations 78.8 vs 75.6 prior
  • 1 year inflation 2.7% vs 2.6% prior
  • 5-10 year inflation 2.4% vs 2.7% prior

That’s a modest beat but it keeps the rebound from the bottom moving in the right direction, albeit slowly.

Separately, US business inventories rose 0.3% vs 0.4% expected.

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