University of Michigan index climbs on improved outlook on inflation and incomes amid split views on business outlook. Consumer sentiment soared 13% in January to reach its highest level since July 2021, continuing the sharp increase seen in December, primarily on the basis of an improving outlook over inflation and personal incomes, according to the […]
Consumer Sentiment Jumps in December on Improved Inflation Expectations
Index near midpoint between pre-pandemic levels and historic lows last year. Consumer sentiment soared 14% in December, reversing four consecutive months of declines and reaching its highest reading since July, according to the University of Michigan Surveys of Consumers. These trends are rooted in sharp improvements in how consumers view the trajectory of inflation, said […]
Consumer Sentiment Declined in October
The final October results indicate consumers continued to have inflation frustration. Consumer sentiment fell back about 6% this October after inching down slightly for two consecutive months, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 63.8 in the October 2023 survey, down from 67.9 in September and above […]
Consumer Sentiment Improves in February But Remains at Low Levels
Positive business outlook outweighs unemployment concerns. Consumer sentiment lifted for the third straight month in February, rising a modest 3% above January, supported by a 12% improvement in consumers’ outlook over the economy for the year ahead, according to the University of Michigan Surveys of Consumers. However, sentiment remains well below its historical average; in […]
Preliminary Consumer Sentiment Declines in November
University of Michigan Survey declines after bouncing back from historic lows earlier this year. Consumer sentiment fell about 9% below October, according to the University of Michigan Surveys of Consumers. The preliminary results, released Friday, November 11, erasing about half of the gains that had been recorded since the historic low in June. The Index […]
Consumer Sentiment Declined in March on Inflation Concerns
Consumers worried about inflation impact on real income. Strong employment views believed will support continued consumer spending. Consumer sentiment declined in March due to falling inflation-adjusted incomes, which was recently accelerated by rising fuel prices, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 59.4 in the March 2022 […]