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 […]
Consumer Sentiment Declines in Preliminary October Results
Inflation concerns continue to weigh on consumers’ view of the economy. Projections on GDP in the third quarter, however, have been improving. Consumer sentiment declined more than 7% in preliminary October results following two consecutive months of very little change according to the University of Michigan Surveys of Consumers. Assessments of personal finances declined about […]
Consumer Sentiment Improved in July
Improving personal finances and business conditions lift consumer sentiment. Consumer sentiment lifted 11% in July compared to the previous month, reaching its highest level since October 2021, a sign of greater optimism as inflation continued to ease and stock market performance strengthened. The Consumer Sentiment Index rose to 71.6 in the July 2023 survey, up […]
Consumer Sentiment Up Big Again in Early July
Preliminary results for July show the index improved considerably, building upon June’s gains. Consumer sentiment rose for the second straight month, soaring 13% above June and reaching its most favorable reading since September 2021 according to the University of Michigan Surveys of Consumers. All components of the consumer sentiment index improved considerably, led by a […]
Consumer Sentiment Jumps in June as Inflation Eases
All demographic groups see economic prospects improving. According to the University of Michigan Surveys of Consumers, consumer sentiment was up 9% in June, reaching its highest level in four months, a sign of greater optimism as inflation eased and policymakers reach an agreement to raise the federal debt ceiling. The Consumer Sentiment Index rose to […]
Consumer Sentiment Up Sharply in Preliminary June Results
Index up nearly 8% versus May, over 25% higher than June 2022. According to the University of Michigan Surveys of Consumers, consumer sentiment lifted 7.9% in June compared to the previous month, reaching its highest level in four months. The results reflect greater optimism as inflation eased and policymakers resolved the U.S. debt ceiling limit. […]
Consumer Sentiment Declined in May
Sentiment was down on renewed concerns about the trajectory of the economy, erasing nearly half of the gains achieved since the all-time historic low from last June. Consumers’ worries about the outlook of the economy in both the short and long run worsened considerably given the negative news about the economy, including the debt ceiling […]
Consumer Sentiment Up Slightly in April
Consumer opinions are below year ago levels, but up from all-time low in June 2022. Concerns over gas prices starting to increase again. Consumer sentiment was essentially unchanged in April, edging up less than two index points from March, according to the University of Michigan Surveys of Consumers. The chart above shows the Consumer Sentiment […]
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