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U.S. consumer sentiment rises in September

Xinhua, October 1, 2016 Adjust font size:

U.S. consumer sentiment rose in September as upper income households raised their future economic expectations.

The final reading of the consumer sentiment for September increased to 91.2 from 89.8 in August, said the Thomson Reuters/University of Michigan index of consumer sentiment on Friday.

"Confidence edged upward in September due to gains among higher income households, while the Sentiment Index among households with income under 75,000 U.S. dollars has remained at exactly the same level for the third consecutive month," said survey director Richard Curtin in a statement.

"The larger recent gains among upper income households was partly due to continued declines in their inflation expectations," said Curtin.

The sub-index of current conditions, reflecting Americans' perceptions of their financial situation and whether they consider it a good time to buy big-ticket items like cars, slid to 104.2 from 107 last month.

The sub-index gauging consumer expectations for six months from now, which more closely projects the direction of consumer spending, added to 82.7 from 78.7 in August. Enditem