The consumer sentiment index inched down to 67.2 in January from 70.6 in December as concerns over the omicron variant's surge weighed on consumers both now and in the future, according to a report from the University of Michigan on Friday. The index—known for its strong dependence on gasoline ... READ MORE >
University of Michigan consumer sentiment
Consumer confidence surveys reflect a bifurcation of the nation’s economy
Recent readings of consumer confidence are revealing an increasingly bifurcated economy as households continue to grapple with the pandemic. The economy can be divided into two camps, the surveys show: one of scarcity where prices are rising and employment remains a challenge, and one of abundance ... READ MORE >
Chart of the day: Consumer sentiment improves slightly amid inflation
Consumer sentiment improved slightly in December, increasing from a decade low in November as concerns about gasoline and energy prices eased somewhat, according to the University of Michigan's consumer survey released on Friday. The headline consumer sentiment index rose to 70.4 on the month from 67.4 ... READ MORE >