U.S. consumer sentiment rose in early August recovering from a stunning loss of confidence in June the preliminary University of Michigan Index of Consumer Sentiment showed. The preliminary August estimate rose 3.6 index points to 55.1 from a July reading of 51.5. Consumer sentiment has found some since dropping to 50.20 in June, the lowest reading on records dating back to 1952. Inflation pressures are seriously undermining consumer sentiment. The losses in confidence were widespread across income, age, and education … Continue reading “US Consumer Sentiment Recovers from Record Low in August”
The German people’s sentiment continues to suffer from soaring energy and food prices, the shadow of war in Ukraine and the morose sentiment thereto. The GfK Consumer Climate Indicator for Germany fell to a new record low of -30.6 heading into August of 2022 from a revised -27.7 in June. Forecasts were -28.9. Germany’s once stoic V-shaped recovery has long been put to bed. The ECB raised key rates by 50 bps in its July monetary policy decision which further … Continue reading “Germany Consumer Sentiment Hits All Time Low with Recession and Natural Gas Shortage Fears”
The Conference Board said Consumer Confidence declined in July for the third consecutive month in the US with the index at 95.7 (consensus 96.4) from a downwardly revised 98.4 (from 98.7) in June. Angst continued as prices soared and political discourse continued to hot consumer sentiment. Consumers were also more pessimistic about the short-term outlook with the Expectations Index dipped to 65.3 from 65.8 in June. The Conference Board US July Consumer Confidence The Conference Board’s Consumer Confidence Index dropped to … Continue reading “Consumer Confidence Slumps Further As Recession Risks Persist”
The IBD/TIPP Economic Optimism Index in the US fell to the lowest since August 2011 38.1 in June of 2022 from 41.2 in the previous month. This follows the record low seen on Friday in the University of Michigan Index of Consumer Sentiment. Consumers report a stunning loss of confidence in June of Consumer Sentiment both reports show. Household financial stress hit the highest level since the outset of the pandemic in April 2020, as gas prices hit new records … Continue reading “Household Financial Stress Highest Since Outset of Pandemic US Economic Optimism Index Shows”
Consumers reported a stunning loss of confidence in June the preliminary University of Michigan Index of Consumer Sentiment showed. The index in June dropped to 50.2 (consensus 59.0) from the final reading of 58.4 for May. The June reading compares to 85.5 in the same period a year ago and is the lowest reading ever on records dating back to 1978. Inflation pressures are seriously undermining consumer sentiment. The losses in confidence were widespread across income, age, and education subgroups … Continue reading “US Consumer Sentiment Crashes to Record Low on Rampant Inflation”
The German people’s sentiment continues to suffer from soaring energy and food prices, the shadow of war in Ukraine and the morose sentiment thereto. The GfK Consumer Climate Indicator for Germany edged up to -26 heading into June of 2022 from a record low of -26.6 in May which was expected in market forecasts. Germany’s once stoic V-shaped recovery has long been put to bed and moves by the ECB to raise rates will further cloud the mood. Despite the … Continue reading “Germany Consumer Sentiment Near All Time Low with Soaring Prices and War in Ukraine”
The IBD/TIPP Economic Optimism Index fell to 41.2 in May of 2022 from 45.5 in April only barely above March’s eight-year low of 41. Rising interest rates, Russia’s war in Ukraine, and China’s COVID-related lockdowns all impacted the mood. The six-month outlook for the US economy tumbled 6.5 points to 33.2, the lowest level since August 2011. IBD/TIPP Economic Optimism Index May of 2022 IBD/TIPP Economic Optimism Index in the US fell to 41.2 in May of 2022 from 45.5 … Continue reading “American Household Financial Stress Highest Level Since Outset of the Pandemic in April 2020”
Happiness is something that should never be underrated. Finland and Denmark ranked as the happiest and second-happiest lands, and the top eight were all in northern Europe. It is true one’s version of happiness is different to another, be it cultural or luck. With the drums of war beating loudly through Russia’s invasion of Ukraine and the Middle East with Iran, Syria and Yemen all vulnerable or in conflict. Afghanistan, Lebanon and Zimbabwe are the unhappiest, as war-torn and impoverished … Continue reading “The World More Benevolent Since Covid, Nordic Countries Still the Happiest”
Japan’s manufacturers’ sentiment fell to a 7-month low in November Reuters Tankan survey showed. On the other hand the non-manufacturers index rose to +1, a 3-month high from -1 in October.
The preliminary August reading for the University of Michigan Index of Consumer Sentiment fell to 70.20 (consensus 81.20) from the final reading of 81.20 for July. This is the lowest reading since 2011, Lower than pandemic lows, as consumers’ inflation expectations rose.