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Surveys of Consumers Director Joanne Hsu. After rising sharply for the past several months, consumer sentiment moved sideways in August with a small decline that is not statistically different from July. Sentiment reached its second highest reading in 21 months and is now about 39% above the all-time historic low reached in June of 2022.
Apr 12, 2024 · WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March’s figure of 79.4.
Mar 28, 2024 · Release: Surveys of Consumers. Units: Index 1966:Q1=100, Not Seasonally Adjusted. Frequency: Monthly. At the request of the source, the data is delayed by 1 month. To obtain historical data prior to January 1978, please see FRED data series UMCSENT1. This data should be cited as follows: "Surveys of Consumers, University of Michigan, University ...
- What Is Consumer Sentiment?
- Understanding Consumer Sentiment
- Recording Consumer Sentiment
- Special Considerations
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Consumer sentiment is a statistical measurement of the overall health of the economy as determined by consumer opinion. It takes into account people's feelings toward their current financial health, the health of the economy in the short-term, and the prospects for longer-term economic growth, and is widely considered to be a useful economic indica...
In the U.S., consumer spending makes up a majority of economic output. As much as 70% of gross domestic product (GDP) is driven by a consumer spending component, so the sentiment or attitude of consumers goes a long way in gauging the health of the economy. The other main drivers of GDP are business investments, government spending, and net exports...
Two key measures that express consumers' feelings about the economy and their subsequent plans to make purchases are the Consumer Confidence Index (CCI), prepared by the Conference Board (CB), and the Michigan Consumer Sentiment Index (MCSI), conducted by the University of Michigan. Both indexes are based on a household survey and are reported on a...
For many, the importance of the trends of consumer sentiment rests in the fact that the CCI originated in the middle of the 20th century when the concept of the "typical" consumer was more homogeneous. Acknowledging this historical fact, as well as potential sampling bias and possible subjectivity across regions, the safe bet is to focus on trends ...
Consumer sentiment is a statistical measurement of the health of the economy based on how optimistic consumers feel about their finances and the state of the economy. It influences public and economic policy, and is widely considered a useful indicator. Learn how it is recorded, what factors affect it, and what are its limitations.
- Daniel Liberto
Mar 28, 2024 · 1:57. US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease. The University of Michigan’s ...
- Vince Golle
- 2 min
(Bloomberg) -- US consumer sentiment fell in April on dimmer views of personal finances and the economy as inflation expectations climbed. The University of Michigan’s final April index fell to ...
Jan 19, 2024 · U.S. consumer sentiment improved in January, hitting the highest level in 2-1/2 years amid growing optimism over the outlook for inflation and household incomes, which bodes well for the economy's ...
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