The Traderszone Network

Published in TZ Latest News 16 October, 2015 by The TZ Newswire Staff

U.S. consumer sentiment rebounds; industrial output weak

U.S. consumer sentiment rebounded strongly in early October, suggesting that the economic recovery remained on track despite headwinds from a strong dollar and weak global demand that have weighed on the industrial sector, particularly manufacturing. The snapback in sentiment reported on Friday underscored robust domestic demand and offered hope that consumer spending would remain solid enough to support economic growth, which has slowed significantly in recent months. The University of Michigan said its consumer sentiment index rose to 92.1 in early October from a reading of 87.2 September.