U.S. Consumer Sentiment Cooled in February From 13-Year High

Consumer confidence retreated in February from a 13-year high as Americans tempered expectations of their finances and the economy, with sentiment remaining sharply divided among party lines. The University of Michigan said Friday that its preliminary index of sentiment cooled to a three-month low of 95.7 from 98.5 in January. […] Read more »

Consumer optimism surges in January amid partisanship

Consumers expressed a higher level of confidence in January than at any other time in the last dozen years. The post-election surge in confidence was driven by a more optimistic outlook for the economy and job growth during the year ahead as well as more favorable economic prospects over the […] Read more »

Widespread Pessimism or Glimmers of Hope? US Consumer Confidence After the 2016 Presidential Election

The 2016 US presidential election can be characterized by widespread discontent with the status quo. Indeed, a supermajority of Americans see the system as broken. And strong majorities across party lines believe that America is on the “wrong track”. However, American consumer confidence has strongly rebounded since the Great Recession […] Read more »

Conference Board Consumer Confidence Index Increased in December

The Conference Board Consumer Confidence Index®, which had increased considerably in November, posted another gain in December. The Index now stands at 113.7 (1985=100), up from 109.4 in November. … “Consumer Confidence improved further in December, due solely to increasing Expectations which hit a 13-year high (Dec. 2003, 107.4),” said […] Read more »

Consumer optimism surges in December

As unexpected as Trump’s election, consumers expressed much more positive economic expectations following his victory. While the surge in confidence ended by mid-December, it nonetheless led to the highest level of the Sentiment Index since January 2004, according to the University of Michigan (U-M) Surveys of Consumers. CONT. University of […] Read more »

Economic Confidence Inches Up to New High

Americans’ confidence in the economy continues to gradually strengthen after last month’s post-election surge. Gallup’s U.S. Economic Confidence Index averaged +10 for the week ending Dec. 18, marking another new high in its nine-year trend. CONT. Justin McCarthy, Gallup Read more »