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 […]
US Economy Projected to Continue Slow and Steady Growth in 2020-2021
The U.S. economy, buoyed by low unemployment rates along with robust consumer spending, marked its longest expansion in history this summer yet the pace of growth has cooled. Get ready for a continued slowdown ahead, as growth slides from 2.9% a year ago to 2.3% this year, and to 1.7% in 2020-21, according to University […]
Consumers Sentiment Slightly Down in May
University of Michigan survey shows consumers sentiment remains at favorable levels. Fewer discounts and increasing interest rates guide personal consumption growth projection to 2.6 percent. Consumer sentiment slipped by less than an index-point from last month, remaining at the same favorable levels for the past 18 months, according to the University of Michigan Surveys of […]
PPG Partners with University of Michigan’s Mcity for Autonomous Vehicle Testing, Research
PPG (NYSE: PPG) announced its partnership with the University of Michigan’s (U-M’s) Mcity, a public-private partnership that brings together industry, government and academia to improve transportation safety, sustainability and accessibility for the benefit of the society. Mcity’s work includes operating the Mcity Test Facility, which is the world’s first purpose-built proving ground for testing autonomous […]
Consumer Confidence Surges in October
Only second time University of Michigan index has been above 100 since the 1990s. Consumer sentiment surged in October, reaching its highest level since the start of 2004, according to the University of Michigan Surveys of Consumers. This was only the second time that the Sentiment Index was above 100.0 since the end of the […]
Consumer Optimism Surges in January
University of Michigan Survey sees post-election surge in consumer confidence in economy and job growth. Consumers expressed a higher level of confidence in January than at any other time in the last dozen years. The post-election surge in confidence was driven by a more optimistic outlook for the economy and job growth during the year […]
Toyota Invests $22 Million with University of Michigan to Accelerate Artificial Intelligence Research, Autonomous Vehicles
Investment to begin research collaborations focused on autonomous vehicles and advanced robotics projects Research focused on artificial intelligence, robotics and autonomous driving at the University of Michigan (U-M) will get a major boost thanks to an initial $22 million commitment from the Toyota Research Institute (TRI), announced today by TRI-CEO Gill Pratt in an address […]