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
 
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
 
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