Consumer Sentiment Hits 5-Month High as Spending Rises – Here’s Why
Consumer sentiment has risen to 74, marking five consecutive months of improvement and reaching its highest level since April 2024.
Consumer sentiment has risen to 74, marking five consecutive months of improvement and reaching its highest level since April 2024.
We’re just days away from the time when economists and analysts are paying close attention to consumer trends as Black Friday officially begins the holiday shopping season. One America’s Stephanie Myers speaks with the Vice President of YouGov, Kenton Barello, to learn more about YouGov’s data on shopping expectations.
Consumer sentiment rose to 71.8 in November, marking the fourth monthly increase, but fell short of economists’ expectations (73.5) and the earlier 73.0 preliminary reading taken before the election. Wealth advisor Eddy Gifford joins Alicia Summers to weigh in
Consumer confidence in the U.S. improved slightly in early September, with the University of Michigan’s index rising to 69, beating expectations. Inflation expectations have dropped for four consecutive months,
The Consumer Price Index report shows inflation rose 0.2% in August, with prices up 2.5% from a year ago—the lowest yearly increase since early 2021.
Consumer confidence, that’s how people feel about the economy, which is top-of-mind for voters this election, dropped for the third straight month, hitting 97 in April, down from 103 in March. The Expectations Index assesses people’s short-term 6-month outlook based on factors like income, business conditions, and the job market.
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.
Consumer sentiment about the U.S. economy dipped this month, from 79.4 to 77.9. So why are people feeling this way? Essential costs like food, energy, and housing are still through the roof. And young voices are getting louder.
Consumer confidence, out today, is at its lowest reading in 4 months. Confidence stands at 104.7 today compared to 104.8 in February.
Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market.