Consumer Sentiment Unexpectedly Surges Higher
Consumers had more favorable views of their current financial situation and of current buying conditions for household durables, that bodes well for the economy and sales.

Consumers had more favorable views of their current financial situation and of current buying conditions for household durables, that bodes well for the economy and sales.

Economists had expected a slight decline in consumer sentiment for May. But optimism about the future kept the index at the high level recorded in April.

Consumer sentiment hit its highest level since 2004, thanks entirely to improvements among households in the bottom third of incomes.

Consumer sentiment came in better than expected.

The consumer sentiment survey for January shows Americans are optimistic about the economy but think buying conditions aren’t great.

Even though the tax debate hurt sentiment a bit in December, this year was the best for consumer sentiment since 2000.

Much of the public falsely believes that Republican tax reforms will raise their taxes. That is pushing down consumer expectations.

Optimism of Republicans and Independents remains surprisingly resistant to media and political warfare against Donald Trump.

All across the political spectrum, consumers sentiment declined. But the decline was more pronounced among Republicans.

Consumer sentiment rose to 97.7 in mid-May, the University of Michigan said on Friday.
