After declining in early 2024, consumer sentiment was up versus both the previous month and year as labor market and inflation expectations have improved. Consumer sentiment lifted for the third consecutive month, inching up to its highest reading since April 2024, according to the University of Michigan’s Survey of Consumers. The Consumer Sentiment Index rose […]
Consumer Sentiment Down for Fourth Month in Row in July
While down, sentiment is 33% above the historic low in June 2022. Consumer sentiment was down slightly for the fourth month in row in July according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 66.4 in the July 2024 survey, down 2.6% from 68.2 in June and 7.1% below […]
Consumer Sentiment Down for Third Month in a Row in June
Concerns over inflation softens, but high prices and weakening income weigh on results. Consumer sentiment in June inched down from May but remains up versus last year according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 68.2 in the June 2024 survey, down 1.3% from 69.1 in May but […]
Consumer Sentiment Falls on Concerns Labor Markets May Weaken
Sentiment fell back about 10% in May, a departure from three consecutive months of very little change in consumer views, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 69.1 in the May 2024 survey, down 10.5% from 77.2 in April but 17.1% above last May’s 59.0. Although consumers’ […]
Consumer Sentiment Up 13% in January
University of Michigan index climbs on improved outlook on inflation and incomes amid split views on business outlook. Consumer sentiment soared 13% in January to reach its highest level since July 2021, continuing the sharp increase seen in December, primarily on the basis of an improving outlook over inflation and personal incomes, according to the […]
Consumer Sentiment Jumps in Early January
University of Michigan index preliminary January results up over 13% versus December and more than 20% versus last year. Consumer sentiment soared 13% in January to reach its highest level since July 2021, showing that the sharp increase in December was no fluke. According to University of Michigan Surveys of Consumers Director Joanne Hsu, consumer […]
Consumer Sentiment Declines in Preliminary October Results
Inflation concerns continue to weigh on consumers’ view of the economy. Projections on GDP in the third quarter, however, have been improving. Consumer sentiment declined more than 7% in preliminary October results following two consecutive months of very little change according to the University of Michigan Surveys of Consumers. Assessments of personal finances declined about […]
Consumer Sentiment Improved in July
Improving personal finances and business conditions lift consumer sentiment. Consumer sentiment lifted 11% in July compared to the previous month, reaching its highest level since October 2021, a sign of greater optimism as inflation continued to ease and stock market performance strengthened. The Consumer Sentiment Index rose to 71.6 in the July 2023 survey, up […]
Consumer Sentiment Up Big Again in Early July
Preliminary results for July show the index improved considerably, building upon June’s gains. Consumer sentiment rose for the second straight month, soaring 13% above June and reaching its most favorable reading since September 2021 according to the University of Michigan Surveys of Consumers. All components of the consumer sentiment index improved considerably, led by a […]
Consumer Sentiment Jumps in June as Inflation Eases
All demographic groups see economic prospects improving. According to the University of Michigan Surveys of Consumers, consumer sentiment was up 9% in June, reaching its highest level in four months, a sign of greater optimism as inflation eased and policymakers reach an agreement to raise the federal debt ceiling. The Consumer Sentiment Index rose to […]
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