CONSUMER SENTIMENT UNEXPECTEDLY FALLS TO SIX-MONTH LOW

Key Points:

  • The Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity.
  • Consumer sentiment expected to rise to 80.8, but in reality fell to 76.2.
  • The entire loss in sentiment was concentrated in the Expectation Index and among households with incomes below $75,000.
  • Consumer sentiment is now 24.6% lower than the same time last year.
  • The Right Facts will continue to monitor consumer sentiment post-pandemic.
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