Preliminary results for September show consumers remain pessimistic. The University of Michigan Consumer Sentiment Index was up slightly in preliminary September data released this morning. According to Surveys of Consumers Director Joanne Hsu, consumer sentiment was essentially unchanged in September, up just 1.3 index points or 2.2% above August. The Index is 18.3% below the […]

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 […]

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 […]

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% […]

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 […]