The US Consumer Sentiment Index, which shows the degree of confidence in the U.S. economy, according to the final assessment, in September, rose to 58.6 points from 58.2 points in August, according to the website of the University. Analysts had expected the index to rise to 59.5 points.

The index of current economic conditions in the USA, according to the final assessment, rose to 59.7 points from 58.6 points in August; an estimate was 58.9 points. The index of economic expectations remained at the level of the previous month – 58 points, though estimates were equal to 59.9 points. The situation is similar to the US consumer confidence index today. 

US Consumer Sentiment Index is compiled based on a monthly survey of at least 500 US households on 50 key questions aimed at identifying changes in consumer expectations about the economic climate, personal income, and consumption.

The indicator is released twice a month as an initial and final estimate and influences the dynamics of the dollar, stock markets, and U.S. government bonds.

Earlier we reported that the Bank of England is buying government bonds instead of selling them as planned.