The preliminary University of Michigan Consumer Sentiment Index for February showed an uptick to 66.4 (consensus 65.0), a thirteen-month high from the final reading of 64.9 for January. In the same period a year ago, the index stood at 62.8. The report reflects some of the improved reports we have seen in new and pending home sales, mortgage applications and GDP. However, on the flipside year-ahead inflation expectations increased versus January, raising concerns with rising unemployment and about consumers’ future … Continue reading “American Consumer Sentiment Improves to Thirteen-month High”
Consumer Sentiment Improves with Inflation Expectations Lowest Since April 2021
The final January University of Michigan Index of Consumer Sentiment at 64.9 (consensus 64.6) slightly improved from the preliminary reading of 64.6. The final reading for December was 59.7. A year ago, in January 2022, the index stood at 67.2. The report reflects some of the improved reports we have seen in new and pending home sales, mortgage applications and GDP. consumer sentiment has picked up from a despairing trough. Easing inflation is a big factor, given that is front … Continue reading “Consumer Sentiment Improves with Inflation Expectations Lowest Since April 2021”
Australian Consumer Confidence Jumps as Household Inflation Expectations Eased
Weekly Consumer confidence climbed 4.9 points last week to 87.4, starting the new year with the first increase since 2018, ANZ-Roy Morgan consumer survey showed on Tuesday. Inflation expectations dropped from the end of 2022, falling 0.9% to 5%. Its moving average for the last four releases fell 0.3 percentage points to 5.7 per cent. Confidence is still well below the neutral level (100) and the long-run average of 111.7. Highlights Adelaide Timbrell, a senior economist at ANZ. Source: ANZ … Continue reading “Australian Consumer Confidence Jumps as Household Inflation Expectations Eased”
Germany Consumer Sentiment Hits All Time Low with Recession and Natural Gas Shortage Fears
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”
Germany Consumer Sentiment Near All Time Low with Soaring Prices and War in Ukraine
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”
Australia’s Consumer Prices Rise Sharply as Fuel Prices Jump 6.5% in The Quarter
Inflation continues to bubble along in Australia to the highest since Q3 2008. Australian consumer prices rose 0.8% in the second quarter. Automotive fuel prices climbed 6.5% and Electricity prices jumped 3.3%. The ABS expects the sharp jump in annual inflation to be temporary
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%.