Concerns About Hurricanes Dent American Consumer Sentiment
- Michigan’s preliminary sentiment index fell to 95.3 from 96.8
- Report was first to broadly capture impact of Harvey, Irma
The reflection of a shopper is seen on a window as shoes are displayed for sale on Steinway Street in the Queens borough of New York.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
U.S. consumer sentiment dipped in September as Americans expressed concern about the economic and inflationary impact of Hurricanes Harvey and Irma, University of Michigan survey data showed Friday.
The figures are the first to broadly capture the effects of Harvey and Irma, which caused more than $100 billion in damage and sparked a jump in claims for unemployment benefits.