Skip to content
Subscriber Only

Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High

Shoppers browse stuffed animals inside a World of Disney store at the Walt Disney Co. Disney Springs entertainment complex in Orlando, Florida, U.S., on Tuesday, Sept. 19, 2017. Bloomberg is scheduled to release consumer comfort figures on October 5.
Photographer: Cassi Alexandra/Bloomberg

U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday.

The jump in sentiment, which was greater than any analyst had projected, may reflect several trends: falling gasoline prices following a hurricane-related spike; repeated record highs for the stock market; a 16-year low in unemployment; and post-storm recovery efforts driving a rebound in economic growth.