Inflation and concerns about weakened economy drove index down nearly 5% month-on-month and nearly 15% year-on-year. Consumer sentiment fell throughout January, posting a cumulative loss of 4.8%, sinking to its lowest level since November 2011, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 67.2 in the January 2022 […]

Concerns arise that inflation is impacting living standards. Consumer sentiment fell in early November to its lowest level in a decade due to an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation. As CollisionWeek reported November 12, the consumer […]

Inflation uncertainty highest in four decades. Consumer sentiment has remained virtually unchanged in the past three months, at levels comparable to the pandemic low point in April 2020, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index posted a small decline in October, retreating to 71.7 from last month’s 72.8, and […]

University of Michigan survey shows consumer sentiment improved compared to August but down substantially compared to last year. The steep August falloff in consumer sentiment ended in early September, but the small gain still meant that consumers expected the least favorable economic prospects in more than a decade. The Index of Consumer Sentiment stood at […]

Record concerns about rising prices weigh on index. A falloff in consumer confidence in May is due to surging inflation that consumers anticipate will persist in the year ahead, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 82.9 in the May 2021 survey from 88.3 in April, although […]