Consumer sentiment in the United States took a hit in May, dropping to its lowest point this year. This decline comes amid renewed concerns about the American economy and elevated expectations for inflation in the long term. According to the University of Michigan’s preliminary reading of its consumer sentiment index, the figure dropped to 57.7—considerably…
Consumer Sentiment Hits 6-Month Low in May: Survey
May 12, 2023
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Inflation Expectations Surge Despite Signs of Cooling Economy, Suggesting Stagflation
April 14, 2023
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U.S. household inflation is expected to rise over the next 12 months, despite signs of a slowing economy, suggesting stagflation. The University of Michigan’s preliminary release of its overall consumer sentiment index for April came in at 63.5, up from 62.0 in March. Economists polled by Reuters had forecast a preliminary reading of 62.0. Rising inflation expectations…
American Consumers’ Sentiment on Economy Plunges, According to New Survey
American consumer sentiment fell this month, despite upwardly revised figures in a newly released survey. The consumer sentiment index for November had deteriorated less than expected, and was revised to 56.8 from initial projections of 54.7 percent, according to the University of Michigan on Nov. 24. The results were better than most economists’ expectations with the…
Americans Worried About the Economy Plan to Spend Less on Christmas Gifts: Survey
November 25, 2022
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U.S. citizens, worried about the state of the economy, are now planning to spend less on buying holiday gifts and cut down on shopping this holiday season. According to a survey by the University of Michigan, consumer sentiment declined 15.7 percent year-on-year to 56.8 in November. On a monthly basis, it fell by 5.2 percent….
More Consumers to Shop on Small Business Saturday Than Black Friday: Survey
This year’s holiday sales might see Small Business Saturday emerge as the most attractive day for shopping among American consumers, according to a latest survey by Bankrate. Small Business Saturday, which follows Black Friday, was founded in 2010 by American Express with the co-sponsorship of the Small Business Administration and is an annual holiday dedicated…
American Consumer Sentiment Plunges While Inflation Expectations Rise
November 12, 2022
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Consumer sentiment fell last month while expectations of inflation among the general populace rose, according to a University of Michigan survey that is closely followed by the Federal Reserve. The Index of Consumer Sentiment came in at 54.7 in November, down 8.7 percent from 59.9 in October, data from the surveys of consumers conducted by…
Americans Expect Inflation to Go Higher, Economy to Get Worse: University of Michigan Poll
U.S. citizens are expecting prices to keep rising and are worried about the economy deteriorating further, according to the latest Surveys of Consumers by the University of Michigan. The median expected year-ahead inflation rose to 5.1 percent in October from 4.7 percent in September, according to the preliminary survey results report. The view that inflation…
Americans’ Spending Expectations Plummet, Fresh Warning Sign for the Economy
October 12, 2022
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Household spending expectations have fallen in the month of August amid elevated inflation rates, signaling potentially bad days ahead for the American economy. “Median household spending growth expectations fell sharply to 6.0 percent from 7.8 percent in August, its steepest one-month decline since the series’ inception in June 2013, and its lowest reading since January…
Three-Quarters of Americans Making Plans for Dealing With Impending Recession: Poll
August 26, 2022
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More than three-quarters of American citizens are planning out steps to deal with a potential economic recession, results of the latest Bankrate poll show. While 69 percent of survey respondents were “worried” about the possibility of a recession before the end of 2023, 40 percent were “somewhat worried” about the possibility and 29 percent were…
United States Retail Sales Register 0.9 Percent Growth in April
U.S. retail and food services sales rose in April 2022 by 0.9 percent on a month-on-month basis and by 8.2 percent when compared to April 2021, the latest data from the Commerce Department show. “Total sales for February 2022 through April 2022 period were up 10.8 percent from the same period a year ago. The…
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