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Consumer Sentiment Index Declines in May on Inflation Concerns

June 1, 2021 By CollisionWeek Editor

Consumer Sentiment Index May 2021

Record concerns about rising prices weigh on index. A falloff in consumer confidence in May is due to surging inflation that consumers anticipate will persist in the year ahead, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 82.9 in the May 2021 survey from 88.3 in April, although […]

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

Preliminary Consumer Sentiment Results Up Sharply in Early March

March 12, 2021 By CollisionWeek Editor

Preliminary Consumer Sentiment March 2021

The Index of Consumer Sentiment is up over 8% compared to February in preliminary report. The University of Michigan Index of Consumer Sentiment rose in early March to its highest level in a year due to the growing number of vaccinations as well as the widely anticipated passage of the Biden Administration’s relief measures. The […]

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

Consumer Sentiment Declined in February

March 2, 2021 By CollisionWeek Editor

Consumer Sentiment Index February 2021

Improved job prospects top concern of consumers. The relatively small recent loss in consumer confidence in February was concentrated among households with below median incomes, and focused on future economic prospects, according to the University of Michigan Surveys of Consumers. The worst of the pandemic may be nearing its end, but few consumers anticipate the […]

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

Consumer Sentiment Posts Decline in January

January 21, 2021 By CollisionWeek Editor

January 2021 Preliminary Consumer Sentiment

Preliminary Results from University of Michigan surveys showed relatively small declines in sentiment given resurgence in pandemic and political unrest. The University of Michigan Index of Consumer Sentiment declined in January compared to December and January last year based upon preliminary results for the month. The Index of Consumer Sentiment stood at 79.2, a decline […]

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

Consumer Sentiment Up Slightly in October

November 2, 2020 By CollisionWeek Editor

Consumer Sentiment October 2020

Election and COVID-19 resurgence weigh on consumers in University of Michigan survey. Consumer sentiment remained largely unchanged in October with gains in the prospects for the overall economy offset by declines in buying attitudes, according to the University of Michigan Surveys of Consumers. The expected improvements in the economy were largely driven by those who […]

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

Consumer Sentiment Continued to Rise in September

October 2, 2020 By CollisionWeek Editor

Consumer Sentiment Index September 2020

Despite increase, substantial portion of population still suffering from job losses and reduced income. Consumer sentiment continued to improve in late September, with the Sentiment Index reaching its highest level in six months, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index was 80.4 in September, up from 74.1 in August […]

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

Study Shows Dramatic Increases in Vaping Marijuana

September 24, 2020 By CollisionWeek Editor

Marijuana Use

University of Michigan study illustrates increase in marijuana use among US college students and young adults. Vaping marijuana and vaping nicotine have increased dramatically among 19-to-22-year-olds, with both more than doubling between 2017 and 2019, according to the University of Michigan’s annual U.S. national Monitoring the Future Panel Study. Use of marijuana in any form […]

Filed Under: News Tagged With: Marijuana Legalization, University of Michigan

Consumers Sentiment Declined in July on Coronavirus Resurgence

July 31, 2020 By CollisionWeek Editor

July 2020 Consumer Sentiment Index

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 […]

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

Consumer Sentiment Up in June as Economy Reopens

June 26, 2020 By CollisionWeek Editor

June 2020 Consumer Sentiment Index

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 […]

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

Consumer Confidence Up Slightly in May After Record Decline in April

May 29, 2020 By CollisionWeek Editor

Consumer Sentiment Index May 2020

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 […]

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

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