Final Results for October 2025
| Oct | Sep | Oct | M-M | Y-Y | |
| 2025 | 2025 | 2024 | Change | Change | |
| Index of Consumer Sentiment | 53.6 | 55.1 | 70.5 | -2.7% | -24.0% |
| Current Economic Conditions | 58.6 | 60.4 | 64.9 | -3.0% | -9.7% |
| Index of Consumer Expectations | 50.3 | 51.7 | 74.1 | -2.7% | -32.1% |
Read our October 24th special report, Confidence in Financial Institutions
October 24, 2025 2:15pm: This site experienced a technological disruption at 10:00:00 this morning and continued to display preliminary October results until a manual update was completed at 10:01:58 to display the final results for October. Our investigation determined the root cause was a backend component that was over capacity. The issue has been fully rectified.
Next data release: Friday, November 07, 2025 for Preliminary November data at 10am ET
Surveys of Consumers Director Joanne Hsu
Consumer sentiment was little changed this month, slipping a scant 1.5 index points from September. A modest increase in sentiment among younger consumers was offset by decreases among middle-age and older consumers. 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. Only about 2% spontaneously referenced the shutdown during this month’s interviews, compared with the 10% of consumers who did so in January 2019 during that 35-day shutdown.
Year-ahead inflation expectations ebbed from 4.7% last month to 4.6% this month. These expectations are currently midway between the readings seen a year ago and the highs seen this year in May in the wake of the initial announcements of major tariff changes. Long-run inflation expectations increased from 3.7% last month to 3.9% this month but remains below this year’s high point seen in April. This month’s increase in long-run inflation expectations was driven primarily by independents and Republicans. Inflation uncertainty—as measured by the interquartile range of expectations—ticked up for both time horizons this month.
Year-ahead inflation expectations ebbed from 4.7% last month to 4.6% this month. These expectations are currently midway between the readings seen a year ago and the highs seen this year in May in the wake of the initial announcements of major tariff changes. Long-run inflation expectations increased from 3.7% last month to 3.9% this month but remains below this year’s high point seen in April. This month’s increase in long-run inflation expectations was driven primarily by independents and Republicans. Inflation uncertainty—as measured by the interquartile range of expectations—ticked up for both time horizons this month.