Surveys of Consumers

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April consumer confidence declines: Growing worries about future prospects

April 29th, 2016

ANN ARBOR—Consumer sentiment continued its slow decline in April due to weakening expectations for future economic growth, although consumers’ views of their current finances remained positive, according to the University of Michigan (U-M) Surveys of Consumers. The top concerns of…

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March consumer confidence: Income Growth Key to Expanding Consumer Sales

April 1st, 2016

ANN ARBOR—Despite small monthly variations, the overall level of consumer confidence has remained largely unchanged over the past three quarters, according to the University of Michigan (U-M) Surveys of Consumers. This stability has resulted from increased optimism about personal finances…

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January consumer confidence: Low inflation critical for maintaining confidence

January 29th, 2016

ANN ARBOR—Consumer confidence remained largely unchanged, as the January reading was just 0.6 percent below last month’s level, according to the University of Michigan (U-M) Surveys of Consumers. The small downward revisions were due to stock market declines that were…

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Consumer Confidence rises in December: Discounts for all mean happy holidays

December 23rd, 2015

ANN ARBOR—Consumer confidence rose to its highest level since July, according to the University of Michigan (U-M) Surveys of Consumers. The December reading was nearly equal to the 2015 average of 92.9—which was the highest since 2004, The December gain…

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Consumer sentiment strong thanks to middle- and lower-income households; shopping for discounts dominates purchase plans

November 25th, 2015

ANN ARBOR—The continued strength in consumer sentiment during the past two months has been due to gains among middle- and lower-income households, while confidence retreated among households with incomes in the upper third of the distribution, according to the University…

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Consumer outlook for 2016 is favorable: U-M Surveys of Consumers

November 23rd, 2015

ANN ARBOR—Consumer spending will advance by nearly 3 percent during 2016, according to economist Richard Curtin, director of the University of Michigan Surveys of Consumers. Curtin presented his annual forecast of consumer spending on November 19 at the annual U-M…

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Confidence rises in October on renewed personal financial optimism

October 30th, 2015

ANN ARBOR—Consumer confidence rose in October with the entire rebound due to gains in confidence among lower income households. Confidence among households with incomes in the top third of the income distribution retreated a bit due to concerns about volatile…

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