US Revised UoM Inflation Expectations

Consumer sentiment rose 2.3% in August to 67.9, according to final results from the University of Michigan Survey of Consumers. This represents a 2.2% decline year over year. “Consumer sentiment confirmed its early-month reading; after drifting down for four months, sentiment inched up 1.5 index points above July and is currently 36% above the all-time historic low from June 2022,” says Survey of Consumers director Joanne Hsu. “Consumers’ short- and long-run economic outlook improved, with both figures reaching their most favorable ...

Consumer confidence in the United States declined less than expected in July, the University of Michigan said in its final report on Friday. The Index of Consumer Sentiment fell 2.6% month on month to 66.4 but was higher than the preliminary estimate suggested and declined 7.1% compared to the same month in 2023. "Year-ahead inflation expectations fell for the second straight month, reaching 2.9%. In comparison, these expectations ranged between 2.3 to 3.0% in the two years prior to the pandemic. Long-run inflation expectations came ...

Consumer confidence in the United States declined less than expected in June, the University of Michigan said in its final report on Friday. The Index of Consumer Sentiment fell 1.3% month on month to 68.2 but was higher than the preliminary estimate suggested and climbed 6.2% compared to the same month in 2023. "While consumers exhibited confidence that inflation will continue to moderate, many expressed concerns about the effect of high prices and weakening incomes on their personal finances. These trends offset the improvements in ...

The University of Michigan consumer sentiment final for May is showing: • Consumer sentiment 69.1 vs 67.5 estimate and 67.4 preliminary. Last month 77.2. • Expectations 68.8 versus 66.5 preliminary. Last month 76.0 • Current conditions 69.5 versus 68.8 preliminary. Last month 79.0. • 1-year inflation expectations 3.3% versus 3.5% preliminary • 5 year inflation expectations 3.0% versus 3.1% preliminary • 5 year inflation expectations 3.0% versus 3.1% preliminary. US yields have moved a bit lower off of the lower inflation ...

Consumer sentiment deteriorated near the end of April, according to the latest reading from the University of Michigan. The final reading of the sentiment survey dropped to 77.2 from 77.9 in early April, the University of Michigan said Friday. Sentiment had hit 79.4 in March, a 32-month high. Economists surveyed by The Wall Street Journal had forecast an unchanged final reading of 77.9. According to the survey, Americans think inflation will average 3.2 in the next year. That’s the highest rate since last November.

The Consumer Sentiment Index in the United States rose 3.3% in March month on month to stand at 79.4, the University of Michigan revealed in its final report on Thursday. The figure jumped 28.1% on an annual level. The Current Economic Conditions Index gained 3.9% compared to the month prior and 24.4% from March 2022, amounting to 82.5 points. The Index of Consumer Expectations increased by 2.9% on a monthly basis and 30.7% on a yearly basis, reaching 77.4. "Year-ahead inflation inched down from 3.0% last month to 2.9% this month. ...