Consumer sentiment jumps to five-year high
WASHINGTON (MarketWatch) — Consumer sentiment has jumped up again, pushing past analysts’ expectations to stand at the highest level in more than five years, according to data released Friday.
The University of Michigan-Thomson Reuters consumer-sentiment gauge rose to 83.1 in a preliminary October reading — the highest level since September 2007 — from a final September reading of 78.3. Sentiment has been increasing since August, with September seeing a four-point gain, following a two-point rise in August. http://www.marketwatch.com/story/consumer-sen...lcountdown