Consumer confidence fell to 87.2 in August, down 4.7 points from the previous month according to the University of Michigan Consumer Sentiment Index. Despite being at the lowest level in 11 months, August’s reading was still higher than in any month prior to May 2007. “A raft of recent events have been viewed as negative
Inflation expectations decreased slightly at both the one year ahead and three year ahead levels, while earnings growth expectations were flat according to the New York Fed’s September Survey of Consumer Expectations (SCE). Median one-year ahead inflation expectations dropped 17 basis points to 2.79 percent in August, the second lowest reading of the year. The
Consumer Confidence fell to 93.1 in July, down 3 points from the previous month according to the University of Michigan Consumer Sentiment index. The index is currently 11.3 points higher than in July of 2014. “A disappointing pace of economic growth was the main reason for the small decline in consumer confidence. Nonetheless, the data
Americans’ expectations for how much they will spend next year increased in June, rising from 4 percent to 4.3 percent, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations.