US Consumer Sentiment Crashes 13% To Lowest Reading Since 2011

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.

Australia’s Consumer Confidence Dropped With Sydney, Victoria and South Australia Lockdowns

Australia’s consumer confidence dropped 3.5% last week, as Sydney, Victoria and South Australia remained under a lockdown says ANZ Roy Morgan. Sentiment around current economic conditions dropped 6%.

US Consumer Sentiment Lowest Reading Since February As Inflation Concerns Grow

The preliminary July reading for the University of Michigan Index of Consumer Sentiment fell to 80.8 (consensus 86.3) from the final reading of 85.5 for June. This is the lowest reading since February as consumer sentiment declined as consumers’ inflation expectations rose.

US Consumer Sentiment Higher With One Year inflation Expectations Highest Since 2012

The University of Michigan’s consumer sentiment preliminary estimate came in at 86.5 the highest reading since March 2020 but lower than expected 89.0. One year inflation expectations are at the highest since 2012 3.7% vs 3.3% expected (3.1% prior)

Japanese Manufacturers Sentiment Sinks to October 2016 Low – Reuters Tankan

The monthly Reuters Tankan survey indicates Japanese manufacturer’s sentiment falling the lowest since October 2016 in March with the sentiment index at +10 from February’s +13. This was the fifth consecutive monthly fall for the sentiment index. 

Japanese Manufacturers Sentiment Two Year Low – Reuters Tankan

The monthly Reuters tankan survey indicates Japanese manufacturer’s sentiment falling to a 2 year low in January with the sentiment index at +18 from December’s +23. This was third consecutive monthly fall for the manufacturers’ sentiment index to a 2 year low.