Consumer sentiment sank further in late July due to the continued resurgence of the coronavirus, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 72.5 in the July 2020 survey, down from 78.1 in June and well below last year’s 98.4. The Expectations Index fell to 65.9 in July, down […]

Low interest rates and discounts on household durables and vehicles attracting increased spending. Consumer confidence rose moderately in June along with the reopening of the economy in several parts of the country, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 78.1 in the June 2020 survey, up from 72.3 […]

Consumers expect the economy to improve but remain distressed. Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers. The Sentiment Index fell 27.7% below last May’s level, with the falloff in evaluations of current conditions and future prospects posting declines […]

Consumer confidence came in better than expected in the University of Michigan Survey of Consumers. The Index of Consumer Sentiment was 73.7 for May 2020, up 2.6% from April but down 26.3 percent from May 2019. According to Richard Curtin, Surveys of Consumers chief economist, confidence inched upward in early May as the CARES relief […]

Consumer sentiment tumbled 11.9 index points in March, the fourth-largest one-month decline in nearly a half century, according to the University of Michigan Surveys of Consumers. The University of Michigan Consumer Sentiment Index fell to 89.1 in the March 2020 survey, down from 101.0 in February and 98.4 in last March’s survey. The Expectations Index […]

University of Michigan preliminary results for March shows pandemic not generating consumer panic seen during 2008 financial crisis. According to the University of Michigan Survey preliminary results released this morning, consumer sentiment fell in early March due to the spreading coronavirus and the steep declines in stock prices. Importantly, the initial response to the pandemic […]

University of Michigan Survey shows rise in consumer expectations in face of coronavirus concerns. Consumer sentiment rose to 101.0 in February, nearly matching the expansion peak of 101.4 set in March 2018, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index rose to 101.0 in the February 2020 survey, just ahead […]

Consumer views on the finances and the future remain near the cyclical peak. Consumer sentiment remained at very positive levels, with the January reading of 99.8 insignificantly below the cyclical peak of 101.4, according to the University of Michigan Surveys of Consumers. Consumer sentiment about the future is cited as one of the key factors […]