Home / NEWS / Economy / US consumer sentiment falls less than expected, remaining near all-time highs

US consumer sentiment falls less than expected, remaining near all-time highs

U.S. consumer emotion was stronger than expected in the final January reading.

The University of Michigan’s scrutinize of consumer attitudes for January slipped to 95.7 in January, just 0.2 mentions below December’s 95.9. Economists polled by Reuters expected this month’s certain reading to slip to 95.

“Consumer sentiment has remained largely unchanged for various than a year at very favorable levels,” the survey’s chief economist Richard Curtin broke in a statement.

Curtin noted that the index now sits only 1.1 burdens below the 96.8 average reading for 2017 – the highest yearly usually in 17 years.

“Consumers continued to expect growth in jobs and profits, but anticipated a slightly higher inflation rate,” Curtin said.

The value soared to 101.1 on Oct. 13 — the highest level since 2004 — but has deflated steadily since.

The first finger measures 500 consumers’ attitudes on future economic prospects, in areas such as individual finances, inflation, unemployment, government policies and interest rates.

Check Also

Weekly jobless claims drop to nearly their lowest level since the pandemic started in March

New filings for jobless demands in the U.S. totaled 787,000 last week, nearly the lowest …

Leave a Reply

Your email address will not be published. Required fields are marked *