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Joanne Hsu, director of consumer surveys at the University of Michigan, said the Consumer Confidence Index confirmed data from the beginning of the month, rising for the fifth straight month to a new high since April 2024. Consumers believe the economy has improved substantially as inflation slows, but they do not feel they are in a good state of development; the current sentiment is roughly between the all-time low reached in June 2022 and data from before the COVID-19 pandemic. Inflation expec...
The University of Michigan Consumer Confidence Index recorded a preliminary value of 74 in December, the highest since April 2024.
The consumer confidence index rose for the fifth straight month to its highest level in seven months, according to Joanne Hsu, director of consumer surveys at the University of Michigan. The surge in purchasing conditions for durable goods sent the current economic conditions index soaring more than 20 percent. However, the situation is not a sign of economic strength, but rather because consumers believe buying now can avoid future price increases. One-year inflation expectations rose to 2.9 pe...
The final value of the University of Michigan Consumer Confidence Index in November was 71.8, with expectations of 73.7 and a previous value of 73.
The University of Michigan Consumer Confidence Index in the United States rose to 73 in November, compared with expectations of 71 and a previous value of 70.5.
The University of Michigan's consumer confidence index in October reached a final value of 70.5, compared with expectations of 69 and a previous value of 68.9.
The University of Michigan Consumer Confidence Index in October was 68.9, expected to be 70.8, and the previous value was 70.1.
Joanne Hsu, director of consumer surveys at the University of Michigan, said the consumer confidence index was essentially flat for the fourth straight month, edging up 1.4 points. As this month's election made headlines, sentiment among Democrats rose 6 percent after Harris replaced Biden as the Democratic presidential nominee. Sentiment among Republicans was...
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