Consumer Sentiment - Page 3

Consumer sentiment fell in early November to its lowest level in a decade due to rising inflation and the growing belief that the Biden administration has no effective policies to halt rising prices.

The public’s confidence in Biden’s economic policies has collapsed, the most recent consumer sentiment survey shows.

Inflation is becoming a drag on growth as consumers are balking at high prices on big-ticket items such as homes, vehicles, and durable goods.

Views of current conditions grew dimmer and inflation expectations worsened.

The confidence of Americans in the economy suffered an unexpected severe collapse in the first weeks of August. The University of Michigan’s Consumer Sentiment index fell to 70.2 from the end of July score of 81.2, the lowest score since

“While most consumers still expect inflation to be transitory, there is growing evidence that an inflation storm is likely to develop on the not too distant horizon,” said Richard Curtin, the chief economist of the University of Michigan’s consumer sentiment survey.

“Rather than job creation, halting and reversing an accelerating inflation rate has now become a top concern,” Richard Curtin, the survey’s chief economist, said.

U.S. consumers expect much higher prices over the next year and they expect elevated inflationary pressure to persist for years, data released Friday showed. The University of Michigan’s survey of consumers in May indicated that consumers expect a 4.6 percent

A jump in consumer expectations for higher inflation dragged down consumer sentiment in the first weeks of May.

The University of Michigan’s final sentiment index for April rose to 88.3 from the midmonth reading of 86.5, data released Friday showed. This was up from 84.9 in March. 

The index for consumer sentiment dipped to 76.8 from 79 in January.

The University of Michigan’s index of consumer sentiment unexpectedly fell in February, dragged down by a crash in expectations for the economy.

Democrats are feeling very hopeful about the future while Republican expectations have fallen.

The rise in infections and deaths, and the return of lockdowns, hurt sentiment as the final month of 2020 stretched on

Democrats are feeling much better about the long-term future following the election.

Despite positive news on vaccines and record-highs for stocks, the outlook got darker in November.

A big decline in expectations about our economic prospects followed the 2020 election and the rise in covid cases.

How an American consumer feels about the economy increasingly depends on politics. The University of Michigan’s index of consumer sentiment was virtually unchanged from its midmonth reading and September, hitting 81.8. That is 14.3 percent below the year ago level.

President Donald Trump is behind in every national poll, but he enjoys a small lead among voters not aligned with either party, data from the University of Michigan’s survey of American consumers show.

Trump and Biden are nearly tied among independents in the University of Michigan’s survey of consumers.

Optimism soared higher in September.

Trump has the lead on the economy and household finances

Consumer sentiment improved a bit in August but Americans remain very pessimistic about the economy’s future.

Consumer sentiment continued to slide downward in late July, with both the current conditions and expectations gauges declining.

Consumer sentiment lost ground in the early weeks of July.

Consumer sentiment improved from May but slipped from the mid-month reading. Confidence in the Trump administration’s economics policy has plunged to record low.

The jobs gains in May boosted consumer sentiment much higher than expected.

Current conditions look better than they did a month ago but the outlook for the future is grimmer.

Fewer Americans are worried about their financial health or physical health. But concern over social isolation is rising.

Consumer expectations have fallen by less than assessments of the current situation, a sign that the public remains optimistic.

This is one of the worst declines ever–and it is likely to get even worse in the months ahead.

To avoid a recession, speed of getting aid out is more important than targeting.

Consumer sentiment climbed again in early February, moving toward the highest level in 15 years.

The fake news media have literally spent billions of dollars to “other” Trump, to turn him into a “mistake that must be corrected,” into a virus infecting the system… They have failed.

Consumer sentiment among Republicans is higher than it was when Ronald Reagan won his landslide reelection.

Consumer sentiment was bolstered by record low unemployment, record gains in income, and near record lows in inflation.