Weakening outlook due to high prices, not banking turbulence. Consumer sentiment fell for the first time in four months in the wake of a 13% decline in consumers’ outlook over the economy for the year ahead, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 62.0 in the March […]
Consumer Sentiment Down in Early March
Preliminary data from University of Michigan survey shows decline across younger and lower income consumers. Consumer sentiment fell for the first time in four months, sitting about 5% below February but remaining 7% above a year ago according to preliminary data from the University of Michigan Survey of Consumers. According to commentary by Surveys of […]
Consumer Sentiment Improves in February But Remains at Low Levels
Positive business outlook outweighs unemployment concerns. Consumer sentiment lifted for the third straight month in February, rising a modest 3% above January, supported by a 12% improvement in consumers’ outlook over the economy for the year ahead, according to the University of Michigan Surveys of Consumers. However, sentiment remains well below its historical average; in […]
Consumer Sentiment Up for Second Month in a Row
University of Michigan reports growing borrowing costs offset easing inflation as consumer concerns. Consumer sentiment lifted for the second straight month in January, rising 9% above December but remaining about 3% below a year ago, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 64.9 in the January 2023 […]
Easing Inflation Pressures Lifted Consumer Sentiment in December
While up, sentiment remains at levels near the lows of the early 1980s. Consumer sentiment rose 5% in December, recovering the declines from November, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 59.7 in the December 2022 survey, up from 56.8 in November and below last December’s 70.6. […]
Consumer Sentiment Down in November
The University of Michigan survey was down both on a monthly and annual basis but was better than preliminary results. Consumer sentiment declined 5% below October, eroding about one-third of the overall gain seen since the historic low in June, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to […]
Preliminary Consumer Sentiment Declines in November
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 […]
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