UMich Sentiment Soars As Economic Optimism Hits 14 Year High

Led by a jump in both current conditions and consumer expectations, University of Michigan’s Sentiment Survey jumped from 96.2 to 100.8, handily beating expectations of a 96.6 print, and the second highest level since 2004-only behind the March 2018 reading of 101.4. A snapshot of…

UMich Sentiment Slumps To 11-Month Lows As ‘Spending Plans’ Plunge

Led by a collapse in Americans’ views of the current situation, University of Michigan’s Sentiment Survey dropped to 11-month lows, dramatically missing expectations for a rise. Sentiment index decreased to 95.3 (est. 98) from prior month’s 97.9; lowest since Sept., below all analyst estimates Current conditions gauge,…