Posts Tagged ‘sentiment’

Hurricanes Weigh on Consumer Confidence

Posted on September 19, 2017 by Laura Lam

Americans became less confident in the economy after Hurricane Harvey and Hurricane Irma swept across Florida and South Texas, according to the Survey of Consumers conducted by the University of Michigan.  The Index of Consumer Sentiment decreased to 95.3 in the first part of September. This is down 1.5% from 96.8 in August, but still up 4.5% from 91.2 in September last year. “Consumer confidence edged downward in early September due to concerns over the outlook for the national economy,” said Survey of Consumers Chief Economist Richard Curtin.  “Consumers’ assessments of current economic conditions improved, however, with the Current Conditions…

Consumer Confidence Rises to Highest Level Since January

Posted on August 25, 2017 by Laura Lam

Consumers became more confident during the first half of August than at any point since January, according to the Survey of Consumers conducted by the University of Michigan.  The Index of Consumer Sentiment jumped 4.5% from last month’s 93.4 to 97.6 at the beginning of August. This is also up 8.7% from 89.8 in August 2016. “Consumer confidence rose in the first half of August to its highest level since January due to a more positive outlook for the overall economy as well as more favorable personal financial prospects,” Survey of Consumers Chief Economist Richard Curtin said. “The two component indices moved in…

Consumers Grow Pessimistic About Future

Posted on August 07, 2017 by Laura Lam

Consumers grew slightly less optimistic in their future this July, however confidence levels remain historically high, according to the Survey of Consumers conducted by the University of Michigan.  Consumer confidence remained largely unchanged for the month, the survey of consumers  revealed.  But this means Americans appear the most optimistic about the current economic situation in U.S. than they have in 12 years. July consumer sentiment ended up at 93.4, the group said. Meantime, economists expected the July measure of consumer attitudes to fall slightly more, to 93.1, according to a survey from Thomson Reuters.  U.S. consumer sentiment last fell to…

Homebuilder Confidence Slips in April

Posted on April 19, 2017 by Laura Lam

Confidence among homebuilders cooled in April after jumping a month earlier to the highest level since mid-2005, according to data from the National Association of Home Builders/Wells Fargo.  Builder sentiment eased to 68 in April from a reading of 71 in March that was the strongest since June 2005. The median forecast in a Bloomberg survey was for 70; readings greater than 50 indicate more respondents reported good market conditions. The measure of the 6-month sales outlook fell to 75 after a reading of 78 that matched the highest since 2005. The index of current sales cooled to 74 this…

Consumer Optimism Surges in March

Posted on April 13, 2017 by Laura Lam

Consumers continued growing more optimistic in March, however much of the increasing sentiment is due to changed evaluative criteria, according to the Survey of Consumers conducted by the University of Michigan.  The Index of Consumer Sentiment came in at 96.9 in March, an increase of 0.6% from February’s 96.3 and 6.5% from 91 in March 2016, according to the survey. This is slightly lower than the beginning of the month, when the index increased to 97.6. “The continued strength in consumer sentiment has been due to optimistic views on three critical components: higher incomes and wealth, more favorable job prospects, and low inflation…

Consumer Sentiment Rises to New High

Posted on March 20, 2017 by Laura Lam

Consumer confidence rose in March as Americans were more satisfied than any time in 16 years with the current state of their finances and the economy, while remaining sharply divided along party lines about the outlook.  The University of Michigan said that its preliminary index of sentiment increased to 97.6 from 96.3 in February. The index of current conditions jumped three points to 114.5, the highest reading since November 2000. Households reported net gains in incomes and wealth at the strongest levels in a decade, while Republicans were “much more optimistic” than Democrats about expectations for their finances, according to…

July Consumer Sentiment Slides

Posted on July 25, 2016 by Laura Lam

A key measure of consumers’ attitudes was lower so far this month, as high-income consumers digested Britain’s surprise vote to leave the European Union.  The Index of Consumer Sentiment hit 89.5 in July’s preliminary reading, the University of Michigan said Friday.  Economists expected the preliminary July consumer sentiment index to hit 93, down slightly from 93.5 in June’s final reading, according to a Thomson Reuters consensus estimate. “Prior to the Brexit vote, virtually no consumer thought the issue would have the slightest impact on the U.S. economy,” said Richard Curtin, the survey’s chief economist. “Following the Brexit vote, it was…