- 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.