US Consumer Sentiment Hits 5-Month Low
PEP PepsiCo Inc
$127.30 +0.49%
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- 1The University of Michigan Consumer Sentiment Index for October recorded 46.3, marking a 5-month low.
- 2PepsiCo lowered its annual profit outlook last week.
- 3McCormick reported weak demand in the recent quarter.
So what's the key point?
The willingness of people in the US to buy goods has reached its lowest level in 5 months. PepsiCo lowered its profit forecast and McCormick reported that products are not selling well.
Source Yahoo Finance · View original ↗
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