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 […]

University of Michigan survey shows consumers sentiment remains at favorable levels. Fewer discounts and increasing interest rates guide personal consumption growth projection to 2.6 percent. Consumer sentiment slipped by less than an index-point from last month, remaining at the same favorable levels for the past 18 months, according to the University of Michigan Surveys of […]

Only second time University of Michigan index has been above 100 since the 1990s. Consumer sentiment surged in October, reaching its highest level since the start of 2004, according to the University of Michigan Surveys of Consumers. This was only the second time that the Sentiment Index was above 100.0 since the end of the […]

University of Michigan Survey sees post-election surge in consumer confidence in economy and job growth. Consumers expressed a higher level of confidence in January than at any other time in the last dozen years. The post-election surge in confidence was driven by a more optimistic outlook for the economy and job growth during the year […]