Consumer confidence in the United States fell to a six-month low in May as Americans became less sanguine about the prospects for the economy. The University of Michigan said May 29 that its final.
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[BRIEFING.COM] The S&P 500 (-0.3%) trades off a recently-established low, floating roughly two points above its worst level of the day. Just released, the final reading of the University of Michigan Consumer Sentiment Survey for November was revised higher to 93.8 from 91.6 while the Briefing.com.
The University of Michigan’s consumer sentiment for the US came in at 98.4 in July 2019, little-changed from the previous month’s 98.2 and slightly below market consensus of 98.5, a preliminary estimate showed. An improvement in consumer expectations was partially offset by a decline in current economic conditions.
A gauge of US consumer spending rose solidly in November, suggesting enough momentum in the economy for the US Federal Reserve to raise interest rates next week for the first time in nearly a decade.
US consumer sentiment. According to a report from the University of Michigan, the US consumer sentiment index improved in November 2016. The index stood at 91.6 in November as compared to 87.2 in.
Consumer Sentiment Rises Strongly Ahead of Tariff Fears. The Conference Board reported Tuesday morning that its consumer confidence index for November dipped from an 18-year high of 137.9 in.
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Consumer confidence expanded strongly in November, by 1.2% in seasonally adjusted terms, compared with the previous month. However, in year-on-year terms it was down by 0.4%. Analysis. November represented the second consecutive month of robust monthly gains, following a 1.7% rise in October.
ISM data also showed U.S. manufacturing activity for February dropped to its lowest since November 2016, and the University of Michigan survey showed consumer sentiment fell short of expectations in.
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U.S. consumer debt increased by the most in five months in April and topped estimates, suggesting more upbeat sentiment among Americans is supporting. Revolving debt outstanding increased the most.
The U.S. University of Michigan consumer confidence remains solid in November. The consumer sentiment index came in at 98.3, widely unchanged from October’s print of 98.6. The outturn was better.
“However, the index has not reclaimed any of the ground lost between November 2013. The surge in consumer sentiment this month echoes data published on Tuesday by National Australia Bank showing a.