Industrial volume in August rose by 0.4% to the highest level in 11 months, nearing the record registered last September. The increase was stronger than expected, reflecting a boost from machinery production and mining, which increased by 2% and 1.4%, respectively. Those categories account for more ... READ MORE >
University of Michigan consumer sentiment
Consumer sentiment highest in nearly two years
Consumer sentiment jumped to its highest level since September 2021 on the heels of continuing disinflation and an improved view of household finances, according to the University of Michigan's survey on Friday. The top-line sentiment index increased to 72.6 in July, from 64.4 ... READ MORE >
Consumer sentiment gains on improving inflation expectations
Consumer sentiment increased to 63.9 in June, the highest since March as views on current and future economic conditions improved, according to the University of Michigan index released on Friday. While the index has bounced off the bottom of last June, it remains much lower than the pre-pandemic ... READ MORE >
Have consumers maxed out their spending?
Ominous economic conditions fueled by debt ceiling uncertainty and sticky inflation are taking a toll on consumer confidence while compelling consumer products companies to build resilience in pursuit of profitability. The University of Michigan’s Index of Consumer Sentiment in May fell to 57.7 from ... READ MORE >
Consumer sentiment drops as inflation expectations rise
Consumer sentiment in April plunged to its lowest level since November as views on both current economic conditions and expectations worsened, the University of Michigan reported on Friday. The top-line sentiment index dropped to 57.7 from 63.5 in April. The current conditions and ... READ MORE >
Consumer sentiment fell in March, before the financial turmoil
Consumer sentiment in March dropped to 63.4 from 67 as consumers’ confidence in the current economic conditions and their expectations both worsened on the month, according to the University of Michigan’s survey released Friday. The decline in sentiment, though, was not influenced by the ... READ MORE >
Consumer sentiment rises to highest level since May
Consumer sentiment improved in September as inflation concerns eased, according to the University of Michigan's index released on Friday. The index rose to 59.5 in September, the highest since May. Still, consumers remain pessimistic compared to before the pandemic, when the long-term average was above ... READ MORE >
University of Michigan survey: Consumer sentiment rises on better economic outlook
U.S. consumer sentiment rose more than expected in August on the back of the sharp drop in gasoline prices, but remains near a record low as consumers shouldered multi-decade-high inflation and continuing economic uncertainty. The University of Michigan's monthly consumer sentiment index increased from ... READ MORE >
Consumer sentiment eases as industrial production falls
Consumer sentiment bounced off a historical low to 51.1 in July from 50.0 in June as gasoline prices eased markedly. That resulted in lower readings for inflation expectations for both the short-term one-year outlook and the long-term five- to 10-year expectations, according to survey data released by ... READ MORE >
Chart of the day: Consumer sentiment slides amid energy shock
Consumer sentiment slid further in March, falling by 3.1 points from February amid spikes in oil and gasoline prices. The University of Michigan sentiment gauge dropped to 59.7, an 11-year low, according to data released Friday. The decline was only slightly lower than our forecast of a 3.2-point ... READ MORE >