October 14, 2022
Preliminary Results for October 2022 Read our October 7th report, Confidence in Financial Institutions. Surveys of Consumers Director Joanne Hsu
Index of Consumer Sentiment
Current Economic Conditions
Index of Consumer Expectations
Next data release: Friday, October 28, 2022 for Final October data at 10am ET
Consumer sentiment is essentially unchanged at 1.2 index points above September, in spite of a 23% improvement in current buying conditions for durables owing to an easing in supply constraints. Sentiment is now 9.8 points above the all-time low reached in June, but this improvement remains tentative, as the expectations index declined by 3% from last month. Continued uncertainty over the future trajectory of prices, economies, and financial markets around the world indicate a bumpy road ahead for consumers.
The median expected year-ahead inflation rate rose to 5.1%, with increases reported across age, income, and education. Last month, long run inflation expectations fell below the narrow 2.9-3.1% range for the first time since July 2021, but since then expectations have returned to that range at 2.9%. After 3 months of expecting minimal increases in gas prices in the year ahead, both short and longer run expectations rebounded in October.
Preliminary Results for October 2022
Read our October 7th report, Confidence in Financial Institutions.
Surveys of Consumers Director Joanne Hsu