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)
Consumer Optimism Is Rising Amid Higher Inflation Expectations – NY Fed
The Federal Reserve Bank of New York’s March 2021 Survey of Consumer Expectations showed a continuation in the recent upward trend in inflation, home price, and spending growth expectations.Labor market expectations continued to recover with higher expectations about job security and improved unemployment expectations.
Mexico Business Confidence Improves With Peso and Easing Covid Restrictions
Mexican business confidence improved to its best level in seven months in October. Confidence grew as the peso improved, easing of coronavirus lockdown restrictions and ahead of the US Presidential elections, Mexico’s largest trading partner. Seasonally adjusted manufacturing confidence index in Mexico rose to 41.5 in October of 2020 from an upwardly revised 40.7 in September. It was the highest reading in seven months. Data Breakdown Sentiment improved regarding the country’s situation to 32.6 vs 32.3 in September Company’s situation … Continue reading “Mexico Business Confidence Improves With Peso and Easing Covid Restrictions”