U.S. consumer sentiment remained nearly unchanged in October, holding steady at 48 percent after a slight dip from the prior month, according to the University of Michigan’s latest survey. The data reflects ongoing concerns over inflation, which continues to strain household budgets and weigh on economic optimism. Compared to the same period last year, consumer confidence has declined by over 10 percent, signaling persistent financial uncertainty among Americans. The stagnation in sentiment underscores broader economic challenges as rising costs erode consumer trust.
U.S. consumer sentiment flatlined from September to October, as persistent inflation squeezes Americans’ finances. Consumer confidence sat at a measure of 48 percent this month, a minor decrease from last month’s reading of 48.1, according to the University of Michigan’s Surveys of Consumers Index. Consumer sentiment has dipped by 10.4 percent from October 2025, with...
