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You are here: Home / News / Preliminary Consumer Sentiment Results for August 2022 Show Slight Improvement Over July

Preliminary Consumer Sentiment Results for August 2022 Show Slight Improvement Over July

August 15, 2022 By CollisionWeek Editor

Consumer views continue to rebound off the all-time low in June.  

The University of Michigan Index of Consumer Sentiment rose in early August as low and middle-income consumers’ views on inflation improved. The Index of Consumer Sentiment was 55.1 in the mid-August preliminary report released August 12. This is up 7.0% compared to 51/5 in July but still down 21.6% from 70.3 in August 2021.

The preliminary Consumer sentiment index moved up about 5 index points above the all-time low reached in June. Consumer sentiment is viewed as a leading indicator of economic activity.

According to Surveys of Consumers

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Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

Comments

  1. eric.mendoza69430500 says

    August 15, 2022 at 2:14 pm

    Excellent article!

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