Preliminary Results from University of Michigan surveys showed relatively small declines in sentiment given resurgence in pandemic and political unrest. The University of Michigan Index of Consumer Sentiment declined in January compared to December and January last year based upon preliminary results for the month. The Index of Consumer Sentiment stood at 79.2, a decline […]
Consumer Sentiment Down in November
Concerns over pandemic and election results weigh on expectations for the future. Consumer sentiment fell in November due to a sharp decline in economic prospects, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 76.9 in November, down from 81.8 in October and well below last November’s 96.8. The entire […]
Consumer Sentiment Up Slightly in October
Election and COVID-19 resurgence weigh on consumers in University of Michigan survey. Consumer sentiment remained largely unchanged in October with gains in the prospects for the overall economy offset by declines in buying attitudes, according to the University of Michigan Surveys of Consumers. The expected improvements in the economy were largely driven by those who […]
Consumer Sentiment Continued to Rise in September
Despite increase, substantial portion of population still suffering from job losses and reduced income. Consumer sentiment continued to improve in late September, with the Sentiment Index reaching its highest level in six months, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 80.4 in September, up from 74.1 in August […]
Consumers Sentiment Declined in July on Coronavirus Resurgence
Consumer sentiment sank further in late July due to the continued resurgence of the coronavirus, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 72.5 in the July 2020 survey, down from 78.1 in June and well below last year’s 98.4. The Expectations Index fell to 65.9 in July, down […]
Consumer Sentiment Up in June as Economy Reopens
Low interest rates and discounts on household durables and vehicles attracting increased spending. Consumer confidence rose moderately in June along with the reopening of the economy in several parts of the country, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 78.1 in the June 2020 survey, up from 72.3 […]
Consumer Confidence Up Slightly in May After Record Decline in April
Consumers expect the economy to improve but remain distressed. Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment Index fell 27.7% below last May’s level, with the falloff in evaluations of current conditions and future prospects posting declines […]
Consumer Confidence Ticks Upward in May Preliminary Report
Consumer confidence came in better than expected in the University of Michigan Survey of Consumers. The Index of Consumer Sentiment was 73.7 for May 2020, up 2.6% from April but down 26.3 percent from May 2019. According to Richard Curtin, Surveys of Consumers chief economist, confidence inched upward in early May as the CARES relief […]
U.S. Consumer Sentiment Dramatically Declined in Early April
Preliminary results in University of Michigan Survey record largest ever decline in wake of coronavirus crisis. The University of Michigan Consumer sentiment plunged 18.1 Index-points in early April, the largest monthly decline ever recorded. When combined with last month’s decline, the two-month drop of 30.0 Index-points was 50% larger than the prior record. Of the […]
Outlook for National Economy in Wake of COVID-19 Response Weighs on March Consumer Sentiment
Consumer sentiment tumbled 11.9 index points in March, the fourth-largest one-month decline in nearly a half century, according to the University of Michigan Surveys of Consumers. The University of Michigan Consumer Sentiment Index fell to 89.1 in the March 2020 survey, down from 101.0 in February and 98.4 in last March’s survey. The Expectations Index […]