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the index level is near the worst level ever recorded and is at the second lowest ever.

Roaring inflation is tanking Americans' confidence in the economy.. U.S. consumer confidence tanked in early June, reaching the lowest level ever recorded as soaring inflation batters Americans' budgets and fuels concerns for the economy at large. The University of Michigan's consumer sentiment index released Friday shows the index plunged to 50 this month, a 14.4% drop from May and the lowest reading since the survey began in the late 1970s. ... The survey indicated declines in every component, reflecting a bleak vision from respondents: The year-ahead outlook tumbled 24%, while Americans' assessments of their personal financial situations worsened by 20%....

St. Louis Fed President Bullard made a remark the other day that consumers are healthy so a recession is unlikely. Consumers are healthy? It is true that the US U-3 uemployment rate is low (3.6% versus 14.70% in April 2020 thanks to government shutdowns over Covid). But even though unemployment is low, consumer sentiment is at its lowest point since 1977. Generally, consumer sentiment is high when unemployment is low, but not this time around. Currently, inflation is at the highest level since March 1980 even though consumer sentiment bottomed-out in April 1980. Here is my chart showing that REAL...

Following UMich’s sentiment slump in July, analysts expect a further (modest) slide in Americans’ confidence in preliminary August data this morning. They wewre wrong, very wrong! Sentiment crashed in early August data according to UMich Sentiment survey with the headline plunging from 81.2 to 70.0 – that is weaker than the April 2020 COVID crisis lows…Worse still, ‘expectations’ collapsed too. “just 32% of consumers thought that the economy would improve, well below last month’s 45% and the 50% in June” Over the past half century, the Sentiment Index has only recorded larger losses in six other surveys, all connected to...

NEW YORK (Reuters) - Consumer sentiment in March fell to its lowest level in more than a year as gasoline and food prices rose, a survey released on Friday showed. The index was slightly lower than March's preliminary reading, while inflation expectations remained elevated. Even so, the latest consumer survey from Thomson Reuters and the University of Michigan said there was no decline in buying plans. "While the data clearly indicate that the rate of real consumer spending will diminish, the data do not indicate a renewed downturn is now on the horizon," the report said. The final March reading...

Consumer sentiment fell to its lowest level in five months in early March as gas prices rose, a survey released on Friday showed. Even so, buying plans were largely unchanged and although the rate of real consumer spending will diminish, the report does not indicate a renewed downturn on the horizon, the latest consumer survey from Thomson Reuters and the University of Michigan said.

<p>WASHINGTON (MarketWatch) -- As economic worries persist, U.S. consumer sentiment dropped in early April, according to media reports on Friday of the Reuters/University of Michigan index.</p>

Today's bleak consumer confidence number is undoubtedly bad news for the economy. The bigger than expected drop suggests that consumers have lost confidence in the recovery, which will drive down home prices and consumer spending. Consumer confidence is typically our "first look" at the state of the economy. While most government aggregated data come out with a two-month lag, or more, consumer confidence hits with just a one month lag. Studies have shown that consumer confidence is a good predictor of consumer spending numbers. Basically, people surveyed seem to be good at accurately reading their own economic situation, and those...

With crude oil near $50 a barrel, consumer confidence could be in for a big hit. James E. Glassman, senior United States economist at J. P. Morgan, thinks otherwise. "My gasoline station manager didn't know that the price of oil was near $50 a barrel," Mr. Glassman said. "He just knows what the oil company charges him for gasoline when the delivery truck pulls up each night." That price has been dropping. The national average price of a gallon of midgrade gasoline reached $2.155 in May. It has since dropped to $1.97, according to the Department of Energy. Consumer confidence...

Consumer Sentiment (Preliminary) Definition A survey of consumer attitudes concerning both the present situation as well as expectations regarding economic conditions conducted by the University of Michigan. Five hundred consumers are surveyed each month. A preliminary survey is usually reported about the second Friday of the month while a more complete survey is reported two weeks later. The level of consumer sentiment is directly related to the strength of consumer spending. Why Investors CareReleased on 6/15/04 For Jun 2004 Consumer Sentiment Consensus forecast: 90.0Actual: 95.2Highlights The University of Michigan's consumer sentiment index jumped 5 points to 95.2 at the mid-June...

<p>U.S. Michigan Sentiment Index Fell to 90.2 in May (Update1) May 28 (Bloomberg) -- Consumer sentiment about the U.S. economy fell in May to a seven-month low, as gasoline prices hit record levels and concern over violence in Iraq escalated, a private survey showed.</p>

U Michigan consumer sentiment 103.8 in Jan final Friday January 30, 9:58 am ET NEW YORK, Jan 30 (Reuters) - The University of Michigan's final January index of consumer sentiment rose to 103.8 from December's final reading of 92.6, according to a report released on Friday and seen by market sources. Economists polled by Reuters had expected a median reading of 103.0. Below is a table of the survey's components: . Jan-F Dec Nov Oct Sep Aug Sentiment 103.8 92.6 93.7 89.6 87.7 89.3 Current conditions 109.5 97.0 102.5 99.9 98.4 99.7 Expectations 100.1 89.8 88.1 83.0 80.8 82.5 THE...

UPDATE - U.S. consumer sentiment at highest since Nov 2000 Friday January 16, 10:19 am ET By Eric Burroughs (Updates with details, economist and market reaction, adds byline) NEW YORK, Jan 16 (Reuters) - U.S. consumer sentiment surged in early January to its best level since the recession hit three years ago, as job-seekers expressed hopes that stronger economic growth will lead to better hiring in coming months. The University of Michigan's preliminary reading of consumer sentiment rose to 103.2, the highest since November 2000, from December's 92.6 reading, according to market sources who saw the report released on Friday....

Confidence in US economy at 22-month high - report Tuesday January 13, 9:59 am ET NEW YORK, Jan 13 (Reuters) - Americans felt better about the U.S. economy in the first week of January than they had since the spring of 2002, a survey showed on Tuesday. Investor's Business Daily and TechnoMetrica Market Intelligence said their economic optimism index rose to 60.6 in January from 58.8 in December. The index stands at a level not reached since March 2002 when it hit 62.9. The gauge's personal financial outlook component, which measures how respondents feel about their own finances six months...

US consumer confidence fell to 91.3 in Dec Tuesday December 30, 9:59 am ET NEW YORK, Dec 30 (Reuters) - The Conference Board's U.S. Consumer Confidence Index (News - Websites) fell to 91.3 in December from an upwardly revised 92.5 in November, the corporate-backed research group reported on Tuesday. The number was originally reported at 91.7 in November. Economists polled by Reuters had forecast a median fall to 91.5 in the December index. Below are the highlights of the survey: COMPOSITE SERIES INDEX NUMBERS (1985=100 Seasonally Adjusted) . Dec Nov Rev From Oct Overall Index 91.3 92.5 91.7 81.7 Present...

Consumer Sentiment Falls in December Tuesday December 23, 10:20 am ET NEW YORK (Reuters) - U.S. consumer sentiment fell in December, but improved in the second half of the month after the capture of former Iraqi dictator Saddam Hussein, market sources said on Tuesday. The University of Michigan's final reading of consumer sentiment fell to 92.6 in December, compared with 93.7 in November, though it was up from the preliminary survey reading of 89.6, the sources said, quoting a survey released to subscribers. Economists had forecast 91.0. Saddam's capture on Dec. 13 triggered a robust rally in the stock market,...

U.S. consumer sentiment surprisingly slips in Dec. Friday December 12, 9:58 am ET NEW YORK, Dec 12 (Reuters) - U.S. consumers turned gloomier about the economy through mid-December even as the labor market shows some improvement and stocks have steadily risen, market sources said on Friday. The University of Michigan's preliminary reading of consumer sentiment fell to 89.6 in December from November's final reading of 93.7, according to market sources who have seen the report. Economists had forecast a rise to 96.0. The unexpected decline threw doubt on consumer spending during the holiday season, though measures of confidence have had...

U Michigan final consumer sentiment 93.7 in Nov Wednesday November 26, 10:04 am ET NEW YORK, Nov 26 (Reuters) - The University of Michigan's final November index of consumer sentiment rose to 93.7 from October's final reading of 89.6, according to a report released on Wednesday and seen by market sources. Economists polled by Reuters had expected a median reading of 94.0, up from the preliminary reading of 93.5 at mid-month. Below is a table of the survey's components: . Nov Oct Sep Aug July June Sentiment 93.7 89.6 87.7 89.3 90.9 89.7 Current conditions 102.5 99.9 98.4 99.7 102.1...

US consumer confidence to 91.7 in Nov vs 81.7 Oct Tuesday November 25, 9:59 am ET NEW YORK, Nov 25 (Reuters) - The Conference Board's U.S. Consumer Confidence Index (News - Websites) surged to 91.7 in November from an upwardly revised 81.7 in October, the corporate-backed research group reported on Tuesday. The number was orginially reported at 81.1 in October. Economists polled by Reuters had forecasted a median rise to 85.0 in the November index. Below are the highlights of the survey: COMPOSITE SERIES INDEX NUMBERS (1985=100 Seasonally Adjusted) . Nov Oct Rev From Sept Overall Index 91.7 81.7 81.1...

U Michigan prel consumer sentiment 93.5 in Nov Friday November 14, 10:03 am ET NEW YORK, Nov 14 (Reuters) - The University of Michigan's preliminary November index of consumer sentiment rose to 93.5 from October's final reading of 89.6, according to a report released on Friday and seen by market sources. Economists polled by Reuters had expected a median reading of 91.0. Below is a table of the survey's components: . Prel Nov Oct Sep Aug July June Sentiment 93.5 89.6 87.7 89.3 90.9 89.7 Current conditions 102.8 99.9 98.4 99.7 102.1 94.7 Expectations 87.6 83.0 80.8 82.5 83.7 86.4...