Consumer Sentiment Surges, Biggest Gain Since 2005
Growing optimism about the economic outlook, confidence that inflation will decline, and good sentiment about the current situation have fueled a sharp rise in U.S. consumer sentiment as the new year begins. The University of Michigan Consumer Confidence Index rose 9.1 points to 78.8, the largest monthly increase since 2005. This followed a strong rise […]
Consumer sentiment hits highest level since 2021
Consumer sentiment rose in January to its highest level since July 2021, according to the University of Michigan Consumer Survey released Friday. In preliminary figures, sentiment rose from 69.7% in the previous month to 78.8, marking the second consecutive month of significant increases. “Democrats and Republicans alike posted their best indicators since summer 2021. Sentiment […]