The University of Michigan consumer sentiment for the US was revised lower to 53.6 in October 2025 from a preliminary of 55 and 55.1 in September. It is the lowest reading in five months, with both current conditions (58.6 vs 61) and expectations gauge (50.3 vs 51.2) revised down. Meanwhile, inflation expectations for the year-ahead declined to 4.6% from 4.7%, in line with the first estimate. The 5-year outlook however, was revised up to 3.9% from 3.7% in the initial estimate and 3.7% in the previous month. "Current personal finances inched up, while expected personal finances receded. Overall, consumers perceive few material changes in economic circumstances from last month; inflation and high prices remain at the forefront of consumers’ minds. There was little evidence this month that consumers connect the federal government shutdown to the economy", according to Surveys of Consumers Director Joanne Hsu.