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Slowdown in Inflation Supports Rise in Consumer Sentiment in August

August 29, 2022 By CollisionWeek Editor

Consumers’ views on their personal financial situation improved during the month. Consumer sentiment rose by 13% in August, lifting off of the all-time low reading for the survey reached in June but remaining 17% below a year ago, according to the University of Michigan Surveys of Consumers.  Consumer sentiment is viewed as a leading indicator of […]

Filed Under: News Tagged With: Consumer Sentiment Index, Inflation, University of Michigan

Preliminary Consumer Sentiment Results for August 2022 Show Slight Improvement Over July

August 15, 2022 By CollisionWeek Editor

Consumer views continue to rebound off the all-time low in June.   The University of Michigan Index of Consumer Sentiment rose in early August as low and middle-income consumers’ views on inflation improved. The Index of Consumer Sentiment was 55.1 in the mid-August preliminary report released August 12. This is up 7.0% compared to 51/5 […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

Consumer Sentiment Slightly Up Over June

July 29, 2022 By CollisionWeek Editor

Consumers adjust to inflation as labor market expectations worsen. Consumer sentiment was essentially unchanged from June, when it had reached an all-time low for the survey, according to the University of Michigan Surveys of Consumers. Most components of the index were little changed, though buying conditions for durables adjusted upwards, primarily due to perceptions of […]

Filed Under: News Tagged With: Consumer Sentiment Index, Inflation, University of Michigan

Preliminary July Consumer Sentiment Remains Near All-Time Lows

July 15, 2022 By CollisionWeek Editor

Index slightly up from June. Consumers may bring forward durable goods purchases to avoid price increases. Consumer sentiment was relatively unchanged in early July, remaining near all-time lows according to the preliminary University of Michigan Surveys of Consumers report released this morning. The Index of Consumer Sentiment stood at 51.1 for July, up 2.2% from […]

Filed Under: News Tagged With: Consumer Sentiment Index, Inflation, University of Michigan

Consumer Sentiment Declines on Inflation Concerns

June 24, 2022 By CollisionWeek Editor

University of Michigan survey at all time low as consumers inflation concerns outweigh expected income growth Consumer sentiment continued its downward trend, falling 14.4% in June, according to the University of Michigan Surveys of Consumers. The June consumer sentiment index reading was an all-time low for the survey, comparable to the trough reached during the […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

Preliminary June Consumer Sentiment Index Declines 14% from May and Over 40% Below Last Year

June 13, 2022 By CollisionWeek Editor

Sentiment at lowest record value since 1980 recession. According to the University of Michigan Surveys of Consumers, consumer sentiment continued its downward trend in early June on consumers’ concerns over their financial situation. According to preliminary June results released on Friday, June 10, the Consumer Sentiment Index declined to 50.2 in June, down by 14% […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

Consumer Sentiment Index Declined Over 10% in May

June 2, 2022 By CollisionWeek Editor

Pessimism on inflation overshadows optimism on personal finances. After voicing more positive views in April, consumer sentiment fell 10.4% in May, reverting to levels comparable to two months ago, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 58.4 in the May 2022 survey, down from 65.2 in April […]

Filed Under: News Tagged With: Consumer Sentiment Index, Inflation, University of Michigan

Consumer Sentiment Up in April

May 2, 2022 By CollisionWeek Editor

Rising wages drives both optimism, pessimism on inflation. Consumers voiced much more positive views in April, rising 9.8% above March, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 65.2 in April, up from 59.4 in March, but well below last April’s 88.3—so far, President Biden’s peak. The Expectations […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

Consumer Sentiment Declined in March on Inflation Concerns

March 28, 2022 By CollisionWeek Editor

Consumers worried about inflation impact on real income. Strong employment views believed will support continued consumer spending. Consumer sentiment declined in March due to falling inflation-adjusted incomes, which was recently accelerated by rising fuel prices, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 59.4 in the March 2022 […]

Filed Under: News Tagged With: Consumer Sentiment, Inflation, University of Michigan

Consumer Sentiment Sinks in February

February 28, 2022 By CollisionWeek Editor

Concerns about inflation’s impact on personal finances and its impact on the economy as a whole worry U.S. consumers. Consumer sentiment fell in February to its lowest level in the past decade, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 62.8 in the February 2022 survey, down from […]

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

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