US Sept Consumer Sentiment Stagnates (Univ of Michigan survey)

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http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=6&u=/nm/20040917/bs_nm/economy_consumers_dc


US Sept Consumer Sentiment Stagnates

NEW YORK (Reuters) - U.S. consumer sentiment stagnated in early September, according to a survey released on Friday, as doubts about the economy and the job market persisted.

The University of Michigan's index of consumer confidence crawled lower to a preliminary reading of 95.8 from 95.9 in August, according to sources who saw the subscription-only report. Analysts had looked for a rise to 96.5.

"Confidence is roughly equal to the average for the year," said Tony Crescenzi, chief bond market strategist at Miller, Tabak & Co. <snip>

The University of Michigan's current conditions component slipped to 105.8 from 107.9 while the expectations index edged up to 89.4 from 88.2.