The rise in the University of Michigan consumer sentiment index, despite uncertainty ahead of the US election, shows that economic developments remain the key driver of confidence in the aggregate. While the headline index remains below its average in the first half of this year, with consumption rising by 3.7% annualised in the third quarter, there is little sign that households will pull back on spending.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.