Preliminary results for September show consumers remain pessimistic. The University of Michigan Consumer Sentiment Index was up slightly in preliminary September data released this morning. According to Surveys of Consumers Director Joanne Hsu, consumer sentiment was essentially unchanged in September, up just 1.3 index points or 2.2% above August. The Index is 18.3% below the […]
Slowdown in Inflation Supports Rise in Consumer Sentiment in August
Consumers’ views on their personal financial situation improved during the month. Consumer sentiment rose by 13% in August, lifting off of the all-time low reading for the survey reached in June but remaining 17% below a year ago, according to the University of Michigan Surveys of Consumers. Consumer sentiment is viewed as a leading indicator of […]
Preliminary Consumer Sentiment Results for August 2022 Show Slight Improvement Over July
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 […]
Consumer Sentiment Slightly Up Over June
Consumers adjust to inflation as labor market expectations worsen. Consumer sentiment was essentially unchanged from June, when it had reached an all-time low for the survey, according to the University of Michigan Surveys of Consumers. Most components of the index were little changed, though buying conditions for durables adjusted upwards, primarily due to perceptions of […]
Preliminary July Consumer Sentiment Remains Near All-Time Lows
Index slightly up from June. Consumers may bring forward durable goods purchases to avoid price increases. Consumer sentiment was relatively unchanged in early July, remaining near all-time lows according to the preliminary University of Michigan Surveys of Consumers report released this morning. The Index of Consumer Sentiment stood at 51.1 for July, up 2.2% from […]
Consumer Sentiment Declines on Inflation Concerns
University of Michigan survey at all time low as consumers inflation concerns outweigh expected income growth Consumer sentiment continued its downward trend, falling 14.4% in June, according to the University of Michigan Surveys of Consumers. The June consumer sentiment index reading was an all-time low for the survey, comparable to the trough reached during the […]
Preliminary June Consumer Sentiment Index Declines 14% from May and Over 40% Below Last Year
Sentiment at lowest record value since 1980 recession. According to the University of Michigan Surveys of Consumers, consumer sentiment continued its downward trend in early June on consumers’ concerns over their financial situation. According to preliminary June results released on Friday, June 10, the Consumer Sentiment Index declined to 50.2 in June, down by 14% […]
Consumer Sentiment Index Declined Over 10% in May
Pessimism on inflation overshadows optimism on personal finances. After voicing more positive views in April, consumer sentiment fell 10.4% in May, reverting to levels comparable to two months ago, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 58.4 in the May 2022 survey, down from 65.2 in April […]
Consumer Sentiment Up in April
Rising wages drives both optimism, pessimism on inflation. Consumers voiced much more positive views in April, rising 9.8% above March, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 65.2 in April, up from 59.4 in March, but well below last April’s 88.3—so far, President Biden’s peak. The Expectations […]
Consumer Sentiment Sinks in February
Concerns about inflation’s impact on personal finances and its impact on the economy as a whole worry U.S. consumers. Consumer sentiment fell in February to its lowest level in the past decade, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 62.8 in the February 2022 survey, down from […]
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