Contact: Bernie DeGroat, 734-647-1847, [email protected] U-M Surveys of Consumers, 734-763-5224 ANN ARBOR—Consumer sentiment lifted for the second straight month in January, rising 9% above December but remaining about 3% below a year ago, according to the University of Michigan Surveys of Consumers. Easing inflation and strong incomes provided welcome support to the personal finances of… Continue reading Growing borrowing costs offset easing inflation

Contact: Bernie DeGroat, 734-647-1847, [email protected] U-M Surveys of Consumers, 734-763-5224 ANN ARBOR—Consumer sentiment rose 5%, recovering the declines from November, according to the University of Michigan Surveys of Consumers. Sentiment remains relatively downbeat, however—remaining 15% below a year ago—but consumers’ extremely negative attitudes have softened this month over easing pressures from inflation, said U-M economist… Continue reading U-M Surveys of Consumers: Easing inflation pressures lift sentiment

Contact: Morgan Sherburne, [email protected] Surveys of Consumers, 734-763-5224 ANN ARBOR—Consumer sentiment declined 5% below October, eroding about one-third of the overall gain seen since the historic low in June, according to the University of Michigan Surveys of Consumers. Buying conditions for durables, which had markedly improved last month, decreased most sharply in November, falling back… Continue reading High interest rates, stock market turmoil add to consumer worries

Contact: Morgan Sherburne, 734-647-1844, [email protected] Surveys of Consumers, 734-763-5224 ANN ARBOR—Consumer sentiment was essentially unchanged in September, just 0.4 index points above August, according to the University of Michigan Surveys of Consumers. The one-year economic outlook continued lifting from the extremely low readings earlier in the summer, but these gains were largely offset by modest… Continue reading Uncertainty clouds consumers’ outlook on the economy

Contact: Morgan Sherburne, 734-647-1844, [email protected] Surveys of Consumers, 734-763-5224 ANN ARBOR—Consumer sentiment rose by 13% in August, lifting off of the all-time low reading for the survey reached in June but remaining 17% below a year ago, according to the University of Michigan Surveys of Consumers. The gains in sentiment were seen across age, education,… Continue reading Slowdown in Inflation Buoys Consumer Sentiment

Contact: Morgan Sherburne, 734-647-1844, [email protected] Surveys of Consumers, 734-763-5224 ANN ARBOR—Consumer sentiment was essentially unchanged from June, when it had reached an all-time low for the survey, according to the University of Michigan Surveys of Consumers. Most components of the index were little changed, though buying conditions for durables adjusted upwards, primarily due to perceptions… Continue reading Consumers adjust to inflation as labor market expectations worsen

Contact: Jon Meerdink, [email protected] Morgan Sherburne, [email protected] ANN ARBOR—Joanne Hsu, a principal economist at the Federal Reserve Board, will succeed Richard Curtin as director of the University of Michigan’s Surveys of Consumers, which provides closely watched indexes of consumer sentiment and inflation expectations. Curtin has served as the director of the Surveys of Consumers in… Continue reading U-M Surveys of Consumers marks leadership change