Latest available data for a fixed period, Consumer sentiment slipped in the last half of June, although it still recorded its second monthly gain over the April low. While most consumers believe that economic conditions could hardly worsen from the recent shutdown of the national economy, prospective growth in the economy is more closely tied to progress against the coronavirus.
The … For an additional perspective on consumer attitudes, see the most recent Reuters/University of Michigan Consumer Sentiment Index.Here is the chart from that post. Values below 100 indicate a pessimistic attitude towards future developments in the economy, possibly resulting in a tendency to save more and consume less. Consumer Confidence in the United States averaged 86.61 points from 1952 until 2020, reaching an all time high of 111.40 points in January of 2000 and a record low of 51.70 points in May of 1980. Inflation expectations for the year ahead were unchanged at 3 percent and the five-year outlook was revised lower to 2.5 percent from 2.6 percent. Please visit the Consumer Measures page to learn more about detailed consumer confidence data and CEO confidence data. Receding consumer confidence is reflective of consumer anxiety around U.S.-China trade tensions. This monthly report details consumer attitudes and buying intentions, with data available by age, income, and region. The gauge for consumer expectations fell back to 65.9 in July, tied with the six-year low recorded in May, providing no indication that consumers expect the recession to end anytime soon. Reference Purchase Historical Data .
An indicator above 100 signals a boost in the consumers’ confidence towards the future economic situation, as a consequence of which they are less prone to save, and more inclined to spend money on major purchases in the next 12 months. The University of Michigan's consumer sentiment for the US was revised lower to 72.5 in July 2020, compared to a preliminary estimate of 73.2 and remaining well below pre-pandemic levels, due to the continued resurgence of the coronavirus. Volume, NSA, 1966=100
© And finally, let's take a look at the correlation between consumer confidence and small business sentiment, the latter by way of the National Federation of Independent Business (NFIB) Small Business Optimism Index.As the chart … Organisation for Economic Interactive Chart US Index of Consumer Sentiment is at a current level of 73.20, down from 78.10 last month and down from 98.40 one year ago. The University of Michigan's consumer sentiment for the US rose to 78.9 in June 2020 from 72.3 in the previous month and above market expectations of 75, a preliminary estimate showed. There were gains in the outlook for personal finances and more favorable prospects for the national economy due to the reopening efforts and more consumers were expecting declines in the jobless rate than at any other time in the long history of the surveys. Organisation for Economic Co-operation and Development (OECD) It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The current conditions subindex declined to 84.2 from 87.1 and the expectations one to 66.2 from 72.3. This consumer confidence indicator provides an indication of future developments of households’ consumption and saving, based upon answers regarding their expected financial situation, their sentiment about the general economic situation, unemployment and capability of savings. This records a decrease from the previous number of 98.300 1985=100 for Jun 2020. Each month, a minimum of 500 interviews are conducted by telephone. Source:
At the same time, the current economic conditions index declined to 82.8 from 87.1, as record rises in COVID-19 infections forced many states to scale back or pause the reopening of their economies.The University of Michigan's consumer sentiment for the US fell to 73.2 in July of 2020 from 78.1 in June, well below market forecasts of 79, due to the widespread resurgence of the coronavirus, preliminary estimates showed. This page provides the latest reported value for - United States Consumer Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey … "Following the steepest two-month decline on record, it is not surprising that consumers need some time to reassess the likely economic impact from the coronavirus on their personal finances and on the overall economy.
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consumer confidence chart