The University of Michigan flash consumer sentiment index rose to a 13-year high of 101.1 in October from 95.1 in September.
The score topped analysts’ expectations of 95. The index for current economic conditions climbed to 116.4 from 111.7, hitting the highest level since November 2000.
The index of consumer expectations increased to 91.3 from 84.4, the highest level since January 2004.
The 1-year inflation outlook ticked higher to 2.7% from September’s 2.6% rate.
According to the University of Michigan, 83% of respondents saw buying conditions for household durables as favorable, most in more than a decade.