Consumer Sentiment Climbs Higher

Breitbart Finance 0 month ago

Consumers are unshaken by the impeachment drama unfurling in Washington, D.C.

The University of Michigan’s consumer sentiment index edged higher in early November, rising to 97.5 from October’s reading of 95. Economists had expected a smaller rise.

The survey’s gauge of current conditions declined a bit. This was more than offset by an improvement in expectations.

“References to the impact of impeachment on economic prospects were virtually non-existent, mentioned by less than 2% in October and November,” said Richard Curtin, the survey’s chief economist.

Consumer sentiment is looked to for clues about consumer spending, which accounts for somewhere around 70 percent of economic activity. It is particularly important now because business investment has slumped. Consumer sentiment may also be politically important as we approach the 2020 presidential contest.

“Although consumers have become somewhat more cautious spenders, they see no reason to engage in the type of retrenchment that causes recessions,” said Curtin.


Source link
Read also:
Business Insider › Finance › 2 weeks ago
US consumer sentiment hit its highest level in four months as Americans took advantage of lower interest rates and trade-war tensions abated. The University of Michigan's consumer sentiment index reached 96.8 in November, falling into the upper half of...
Reuters › Finance › 2 months ago
British consumer sentiment has fallen to a six-year low due to increased worries about job security and the impact trade tensions and political uncertainty will have on individuals' finances, a survey showed on Thursday.
The New York Times › Finance › 2 months ago
Irish consumer sentiment weakened for the third month in a row in September as the failure of the UK and the European Union to agree divorce terms ahead of the Oct. 31 Brexit date increased worries about the outlook for the Irish economy.
CNBC › 1 month ago
Coca-Cola CEO James Quincey said that if U.K. lawmakers passes a Brexit deal, consumer sentiment will improve.
One America News Network › Finance › 1 month ago
By David Milliken LONDON (Reuters) - Britain's longest-running measure of consumer sentiment slipped back to its joint-lowest level since 2013 this month, as Brexit uncertainty weighed again on
Reuters › Finance › 1 month ago
Irish consumer sentiment fell for a fourth successive month for the first time since late 2012 as uncertainty over neighboring Britain's departure from the European Union continued to weigh on confidence, a survey showed on Tuesday.
CNBC › 1 month ago
We'll get Disney earnings after the bell on Thursday, consumer sentiment data and markets update on Friday.
CNBC › 2 weeks ago
We'll get consumer sentiment, manufacturing and services sector data, and Foot Locker earnings on Friday.
CNBC › Finance › 2 weeks ago
Consumer sentiment unexpectedly rose in November, according to data released Friday by the University of Michigan.
One America News Network › Finance › 4 days ago
DUBLIN (Reuters) - Irish consumer sentiment recovered sharply from a seven-year low in November, posting its fastest monthly rise since 2015 as the risk of a damaging no-deal Brexit receded, a survey
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google
OR