After declining in early 2024, consumer sentiment was up versus both the previous month and year as labor market and inflation expectations have improved. Consumer sentiment lifted for the third consecutive month, inching up to its highest reading since April 2024, according to the University of Michigan’s Survey of Consumers. The Consumer Sentiment Index rose […]
Consumer Sentiment Up Slightly in Mid-August
Preliminary results show the sentiment index up month over month but remains below year ago levels. Consumer sentiment was up slightly in mid-August compared to July according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index inched up to 67.8 in mid-August, up 2.1% compared to 66.4 in the July 2024 survey […]
Consumer Sentiment Down for Fourth Month in Row in July
While down, sentiment is 33% above the historic low in June 2022. Consumer sentiment was down slightly for the fourth month in row in July according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 66.4 in the July 2024 survey, down 2.6% from 68.2 in June and 7.1% below […]
Consumer Sentiment Down for Third Month in a Row in June
Concerns over inflation softens, but high prices and weakening income weigh on results. Consumer sentiment in June inched down from May but remains up versus last year according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 68.2 in the June 2024 survey, down 1.3% from 69.1 in May but […]
Consumer Sentiment Falls on Concerns Labor Markets May Weaken
Sentiment fell back about 10% in May, a departure from three consecutive months of very little change in consumer views, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 69.1 in the May 2024 survey, down 10.5% from 77.2 in April but 17.1% above last May’s 59.0. Although consumers’ […]
Consumer Sentiment Up Slightly in March
Slowing inflation giving consumers greater confidence in their finances. Consumer sentiment was up slight in March, but remained essentially unchanged since January 2024, solidifying the large gains from December and January, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 79.4 in the March survey, up 3.3% from 76.9 […]
Consumer Sentiment Up 13% in January
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 Early January
University of Michigan index preliminary January results up over 13% versus December and more than 20% versus last year. Consumer sentiment soared 13% in January to reach its highest level since July 2021, showing that the sharp increase in December was no fluke. According to University of Michigan Surveys of Consumers Director Joanne Hsu, consumer […]
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 […]
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