Archive for the ‘University Michigan’ tag
U of Michigan Reuters Consumer Sentiment Improves Half a Point in August
The preliminary consumer sentiment survey from
Reuters & the University of Michigan improved half a point to 61.7,
following the previous month’s near five-point rebound. Also, one-year
inflation expectations moved down to 4.8% from July’s 5.1% forecast.
The slight improvement contrasts with the recent
deterioration in the weekly survey of consumer comfort from ABC News.
The Week Ahead Canada & U.S.: U.S. CPI, Retail Sales and Consumer Sentiment
The U.S. economy will continue to struggle between slowing growth and
rising inflation. According to economists and strategists, markets will
focus on U.S. advance retail sales, July CPI and the University of
Michigan/Reuters consumer sentiment.
U.S. markets will also receive U.S. trade balance, IBD/TIPP economic
optimism, and industrial production and capacity utilization.
See the full schedule by clicking below.
U.S. Michigan Consumer Sentument Rebounds for First Time Since January
The preliminary consumer sentiment survey from
Reuters and the University of Michigan rebounded for the first time since
January, reaching a score of 56.6 in July from June’s reading of 56.4.
The consensus was expecting a further decline to 55.5.
According to the report, 90% of respondents said they thought the U.S.
economy was in recession, with the downturn expected to deepen further.