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 […]
Preliminary October Consumer Sentiment Up Just 1.2 Points
Continued uncertainty on inflation and the economy weighs on consumers. Consumer sentiment in early October is essentially unchanged at 1.2 index points above September, according to the University of Michigan Surveys of Consumers. The preliminary result was in spite of a 23% improvement in current buying conditions for durables owing to an easing in supply […]
Uncertainty Continues to Cloud Consumers’ Outlook on the Economy
Consumer Sentiment in September remains near August’s historic low. Consumer sentiment was essentially unchanged in September, just 0.4 index points above August, according to the University of Michigan Surveys of Consumers. Consumer sentiment is viewed as a leading indicator of economic activity and sharp declines have often preceded or happened during the early point of […]
Consumer Sentiment Slightly Up Off of Historic Lows
Preliminary results for September show consumers remain pessimistic. The University of Michigan Consumer Sentiment Index was up slightly in preliminary September data released this morning. According to Surveys of Consumers Director Joanne Hsu, consumer sentiment was essentially unchanged in September, up just 1.3 index points or 2.2% above August. The Index is 18.3% below the […]
Slowdown in Inflation Supports Rise in Consumer Sentiment in August
Consumers’ views on their personal financial situation improved during the month. Consumer sentiment rose by 13% in August, lifting off of the all-time low reading for the survey reached in June but remaining 17% below a year ago, according to the University of Michigan Surveys of Consumers. Consumer sentiment is viewed as a leading indicator of […]
Preliminary Consumer Sentiment Results for August 2022 Show Slight Improvement Over July
Consumer views continue to rebound off the all-time low in June. The University of Michigan Index of Consumer Sentiment rose in early August as low and middle-income consumers’ views on inflation improved. The Index of Consumer Sentiment was 55.1 in the mid-August preliminary report released August 12. This is up 7.0% compared to 51/5 […]
Consumer Sentiment Slightly Up Over June
Consumers adjust to inflation as labor market expectations worsen. Consumer sentiment was essentially unchanged from June, when it had reached an all-time low for the survey, according to the University of Michigan Surveys of Consumers. Most components of the index were little changed, though buying conditions for durables adjusted upwards, primarily due to perceptions of […]
Preliminary July Consumer Sentiment Remains Near All-Time Lows
Index slightly up from June. Consumers may bring forward durable goods purchases to avoid price increases. Consumer sentiment was relatively unchanged in early July, remaining near all-time lows according to the preliminary University of Michigan Surveys of Consumers report released this morning. The Index of Consumer Sentiment stood at 51.1 for July, up 2.2% from […]
Consumer Sentiment Declines on Inflation Concerns
University of Michigan survey at all time low as consumers inflation concerns outweigh expected income growth Consumer sentiment continued its downward trend, falling 14.4% in June, according to the University of Michigan Surveys of Consumers. The June consumer sentiment index reading was an all-time low for the survey, comparable to the trough reached during the […]
Preliminary June Consumer Sentiment Index Declines 14% from May and Over 40% Below Last Year
Sentiment at lowest record value since 1980 recession. According to the University of Michigan Surveys of Consumers, consumer sentiment continued its downward trend in early June on consumers’ concerns over their financial situation. According to preliminary June results released on Friday, June 10, the Consumer Sentiment Index declined to 50.2 in June, down by 14% […]
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