CNBC (November 7)
“Worries over the government shutdown surged in the early part of November, pushing consumer sentiment to its lowest in more than three years and just off its worst level ever.” The most recent University of Michigan “Index of Consumer Sentiment posted a reading of 50.3 for the month, indicating a decline of 6.2% on the month and about 30% from a year ago…. November’s reading was the second lowest going back to at least 1978.”
Tags: 1978, 50.3, Consumer sentiment, Decline, Government shutdown, Lowest, November, Surged, University of Michigan, Worries, Worst level
New York Times (September 16)
“The issue that still dominates the presidential contest is the economy, which is driving a lot of the discourse.” It appears that “Kamala Harris may be gaining ground on the economy” while other signs suggest a change in outlook. The most recent University of Michigan sentiment survey shows “U.S. consumers increasingly feel better about prices and other economic matters.”
Tags: Discourse, Dominates, Economy, Harris, Outlook, Presidential contest, Prices, Sentiment, Survey, U.S. consumers, University of Michigan
Reuters (September 13)
“U.S. consumer sentiment improved in September amid subsiding inflation, though Americans remained cautious ahead of the November presidential election,” according to the University of Michigan. Preliminary readings show “consumer sentiment came in at 69.0 this month, compared to a final reading of 67.9 in August” while expectations for one-year inflation “fell for the fourth straight month to 2.7%,” marking “the lowest reading since December 2020.”
Tags: Cautious, Consumer sentiment, Election, Expectations, Inflation, September, Subsiding, U.S., University of Michigan
