The final figure of October University of Michigan consumer confidence showed a significant upward revision compared to the first reading. Michigan consumer sentiment was upwardly revised from 57.5 to 60.9, compared with a reading of 59.4 in September, while the consensus was looking for only a slight upward adjustment. The details show an upward revision in both the economic conditions (75.1 from 73.8) and economic outlook (51.8 from 47.0) sub-indices. Both Michigan and Conference Board’s consumer confidence remain however at depressed levels. This upward revision in the Michigan’s reading might be an indication that also the Conference Board’s recent dismal reading will improve somewhat in the coming months.