Preliminary results for month from University of Michigan survey show dramatic decline in consumer views on the economy. The University of Michigan Index of Consumer Sentiment in mid-August was 70.2, down 13.5% from July and down 5.3% from August 2020 and critically below April 2020 at the start of the pandemic. Consumer sentiment is a […]
Consumer Sentiment Declines on Concerns Over Slowdown in Economy Amid Rising COVID Risks
Concerns over inflation at highest levels in more than 50 years. Consumer sentiment fell in July, posting a monthly decline of 5.0% from June, falling to the lowest level since February, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 81.2 in July 2021 from June’s 85.5, and the […]
Consumer Sentiment Index Declines in May on Inflation Concerns
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 […]
Consumer Confidence Continued to Grow in April
Record job prospects outweigh inflation concerns. April surveys recorded continued gains in consumer confidence due to a growing sense that the upward momentum in jobs and incomes is likely to persist, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 88.3 in the April 2021 survey, up from 84.9 […]
Consumer Sentiment Showing Strong Gains in Early April
The Index of Consumer Sentiment continues to gain as consumers see surging economic growth. The University of Michigan Index of Consumer Sentiment rose in early April, up nearly two points for the month and over 20 points from the same time last year. The Index stood at 86.5 at mid-month, up 1.9% from 84.9 and […]
Preliminary Consumer Sentiment Results Up Sharply in Early March
The Index of Consumer Sentiment is up over 8% compared to February in preliminary report. The University of Michigan Index of Consumer Sentiment rose in early March to its highest level in a year due to the growing number of vaccinations as well as the widely anticipated passage of the Biden Administration’s relief measures. The […]
Consumer Sentiment Declined in February
Improved job prospects top concern of consumers. The relatively small recent loss in consumer confidence in February was concentrated among households with below median incomes, and focused on future economic prospects, according to the University of Michigan Surveys of Consumers. The worst of the pandemic may be nearing its end, but few consumers anticipate the […]
Consumer Sentiment Posts Decline in January
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 […]
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