University of Michigan: Consumer sentiment rose 13% in January, highest level since 2021 - UPI.com
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Consumer sentiment in the United States rose 13% in January, reaching its highest level since July 2021, according to data from the University of Michigan. The increase in consumer sentiment was driven by confidence in improving inflation and strengthening income expectations. The sentiment improved across age, income, education, and geography. Both Democrats and Republicans showed their highest consumer sentiment since the summer of 2021. Year-ahead inflation expectations softened to 2.9%, the lowest since December 2020. The University of Michigan data reinforces the robust economy indicated by December 2023 retail sales, which were 5.6% higher than in December 2022. Consumer sentiment is now 60% higher than its all-time low in June 2022 and is expected to provide positive momentum for the economy.
#ConsumerSentiment #UniversityOfMichigan #Inflation #Economy
https://www.upi.com/Top_News/US/2024/01/19/consumer-sentiment-soars-University-Michigan/6281705683704/
UPI News /
npub1up…p85da
2024-01-19 19:06:31
Author Public Key
npub1up366k34ghh433r7pchkdx4wjalhdrqnnh7ssjqexn7jhzzrs6fsup85daPublished at
2024-01-19 19:06:31Event JSON
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"content": "University of Michigan: Consumer sentiment rose 13% in January, highest level since 2021 - UPI.com\n==========\n\nConsumer sentiment in the United States rose 13% in January, reaching its highest level since July 2021, according to data from the University of Michigan. The increase in consumer sentiment was driven by confidence in improving inflation and strengthening income expectations. The sentiment improved across age, income, education, and geography. Both Democrats and Republicans showed their highest consumer sentiment since the summer of 2021. Year-ahead inflation expectations softened to 2.9%, the lowest since December 2020. The University of Michigan data reinforces the robust economy indicated by December 2023 retail sales, which were 5.6% higher than in December 2022. Consumer sentiment is now 60% higher than its all-time low in June 2022 and is expected to provide positive momentum for the economy.\n\n#ConsumerSentiment #UniversityOfMichigan #Inflation #Economy \n\nhttps://www.upi.com/Top_News/US/2024/01/19/consumer-sentiment-soars-University-Michigan/6281705683704/",
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