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 […]
Consumer Sentiment Continued to Rise in September
Despite increase, substantial portion of population still suffering from job losses and reduced income. Consumer sentiment continued to improve in late September, with the Sentiment Index reaching its highest level in six months, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 80.4 in September, up from 74.1 in August […]
Study Shows Dramatic Increases in Vaping Marijuana
University of Michigan study illustrates increase in marijuana use among US college students and young adults. Vaping marijuana and vaping nicotine have increased dramatically among 19-to-22-year-olds, with both more than doubling between 2017 and 2019, according to the University of Michigan’s annual U.S. national Monitoring the Future Panel Study. Use of marijuana in any form […]
Consumers Sentiment Declined in July on Coronavirus Resurgence
Consumer sentiment sank further in late July due to the continued resurgence of the coronavirus, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 72.5 in the July 2020 survey, down from 78.1 in June and well below last year’s 98.4. The Expectations Index fell to 65.9 in July, down […]
Consumer Sentiment Up in June as Economy Reopens
Low interest rates and discounts on household durables and vehicles attracting increased spending. Consumer confidence rose moderately in June along with the reopening of the economy in several parts of the country, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 78.1 in the June 2020 survey, up from 72.3 […]
Consumer Confidence Up Slightly in May After Record Decline in April
Consumers expect the economy to improve but remain distressed. Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment Index fell 27.7% below last May’s level, with the falloff in evaluations of current conditions and future prospects posting declines […]
Consumer Confidence Ticks Upward in May Preliminary Report
Consumer confidence came in better than expected in the University of Michigan Survey of Consumers. The Index of Consumer Sentiment was 73.7 for May 2020, up 2.6% from April but down 26.3 percent from May 2019. According to Richard Curtin, Surveys of Consumers chief economist, confidence inched upward in early May as the CARES relief […]
Outlook for National Economy in Wake of COVID-19 Response Weighs on March Consumer Sentiment
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 […]