Michigan Consumer Sentiment Index

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Consumer sentiment measure falls to pandemic-era low, sees one of largest drops on record

The University of Michigan’s consumer sentiment index tumbled to 70.2 in its preliminary August reading.

That was the lowest reading since 2011.

The dramatic decline comes as the delta variant of Covid-19 has spread rapidly across the United States, leading some states and cities to reinstate mask mandates and other health restrictions.
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https://www.cnbc.com/2021/08/13/con...-low-sees-one-of-largest-drops-on-record.html
 
A small tick up but well below a year ago.

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https://www.cnbc.com/2022/11/08/con...de-and-that-could-be-a-problem-for-biden.html
 
Consumer sentiment tumbles as inflation fears surge, closely watched survey shows

The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for the month, down from 77.2 in April and well off the Dow Jones consensus call for 76.

The move represented a one-month decline of 12.7%.

The one-year inflation outlook jumped to 3.5%, up 0.3 percentage point from a month ago to the highest level since November 2023.
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Consumer sentiment tumbles as inflation fears surge, closely watched survey shows
 
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Highlights

The preliminary Index of Consumer Sentiment for June checked in at 65.6 (Briefing.com consensus 73.0) versus the final reading of 69.1 for May.

In the same period a year ago, the index stood at 64.2.
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Source: Briefing.com
 
Consumer sentiment falls in May as Americans’ inflation expectations jump after tariffs

The index of consumer sentiment dropped to 50.8, down from 52.2 in April and hitting its second-lowest reading on record.

The majority of the survey was completed before the U.S. and China announced a 90-day pause on most tariffs between the two countries.

The trade situation appears to be a key factor weighing on consumer sentiment.
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More data from briefing.com:

Highlights

  • The preliminary University of Michigan Index of Consumer Sentiment for May slipped to 50.8 (Briefing.com consensus 55.0) from the final reading of 52.2 for April.
  • In the same period a year ago, the index stood at 69.1.

Key Factors

  • The Current Economic Conditions Index fell to 57.6 from the final reading of 59.8 for April. In the same period a year ago, the index stood at 69.6.
  • The Index of Consumer Expectations dipped to 46.5 from the final reading of 47.3 for April. In the same period a year ago, the index stood at 69.6.
  • Year-ahead inflation expectations increased from 6.5% to 7.3%.
  • Long-run inflation expectations increased from 4.4% to 4.6%.

Big Picture

The key takeaway from the report is that it continues to reflect some deteriorating views among consumers about their personal finances and some alarming views about their inflation expectations. Note, this survey was conducted between April 22 and May 13, closing two days after the U.S.-China tariff de-escalation news, so it doesn't capture the full consideration of that pleasing news.
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