Consumer sentiment is on its eight month nadir in the United States
The University of Michigan’s consumer sentiment for the United States was revised up to 93.4 from a preliminary of 93.1 in July of 2017 and compared to 95.1 in June.
Still, it is the lowest reading since October of 2016 as the future expectations declined, although less than previously estimated, while barometer of current conditions rose further. Consumer Confidence in the United States averaged 86.10 from 1952 until 2017, reaching an all time high of 111.40 in January of 2000 and a record low of 51.70 in May of 1980. (MTI)
Related news
In the United States, producer prices rose more than expected in June
The US producer price index rose more than analysts had…
Read more >Americans almost only buy bargain foods
For American consumers, the economic situation is increasingly challenging, especially…
Read more >In April, the personal consumption price index stagnated in the United States
In April, the personal consumption expenditures (PCE) price index excluding…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >