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 […]

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 […]

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 […]

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. […]

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 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 […]

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 […]

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 […]