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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