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 […]
Preliminary Consumer Sentiment Results for March 2020 Shows Slight Decline
University of Michigan preliminary results for March shows pandemic not generating consumer panic seen during 2008 financial crisis. According to the University of Michigan Survey preliminary results released this morning, consumer sentiment fell in early March due to the spreading coronavirus and the steep declines in stock prices. Importantly, the initial response to the pandemic […]
Consumer Sentiment Rose to Near Expansion Peak in February
University of Michigan Survey shows rise in consumer expectations in face of coronavirus concerns. Consumer sentiment rose to 101.0 in February, nearly matching the expansion peak of 101.4 set in March 2018, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 101.0 in the February 2020 survey, just ahead […]
Consumer Sentiment Increased in January
Consumer views on the finances and the future remain near the cyclical peak. Consumer sentiment remained at very positive levels, with the January reading of 99.8 insignificantly below the cyclical peak of 101.4, according to the University of Michigan Surveys of Consumers. Consumer sentiment about the future is cited as one of the key factors […]
Consumer Sentiment Steady in January
Preliminary results show little change in consumer attitudes on the future of the economy. Expected household finances remain strong. Consumer sentiment remained virtually unchanged in early January at 99.1 down just 0.2 Index-points in the preliminary January release from the final December survey. According to the the University of Michigan, the stability extended to all […]
Consumers Remained Optimistic About Economic Prospects in December
Consumer sentiment rose in the December 2019 survey to near the top of the favorable range it has traveled during the past three years, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 99.3 in December, posting its fourth monthly gain from the low of 89.8 in August. The […]
Consumer Confidence Continues to Propel Economy Forward
University of Michigan research sees consumer spending increasing in 2020. The Consumer Sentiment Index rose to 96.8 in November 2019, posting its third monthly increase, but remained slightly below last November’s 97.5. The Expectations Index rose slightly to 87.3 from last month’s 84.2 but remained below last year’s 88.1. The Current Conditions Index fell to […]
Consumer Sentiment Posts Largest Monthly Decline Since 2012 in August
University of Michigan survey indicates tariffs impact confidence as consumer finance expectations weaken. The Consumer Sentiment Index posted its largest monthly decline in August 2019 (-8.6 points) since December 2012 (-9.8 points), according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 89.8 in August 2019, well below July’s 98.4 and […]
Consumer Sentiment Up in July
The University of Michigan survey was up both on a month-over-month and year-over-year basis. Consumer confidence in July increased slightly during the month as consumers indicated positive job and income prospects remain though they are more cautious about home and auto purchases. The Index of Consumer Sentiment stood at 98.4 for the month of July, […]
Consumer Sentiment Rebounded in March
The University of Michigan survey does not indicate emerging recession, but points toward slightly lower new vehicle sales. Consumer confidence rebounded in March to 98.4 from last month’s 93.8, slightly above the average of 97.2 recorded in the past 26 months. The March gain was 4.9 percent compared to February, but remains 3 percent below […]
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