Consumer Sentiment Growth, Ends August’s Steep Falloff

Source: University of Michigan

Consumer sentiment posted slight growth in September, marking the end to the steep decline in the previous month. DXY is up 0.22%.

• The Index of Consumer Sentiment stood at 71.0 in September, up 1.0% from 70.3 in August, but 11.7% lower than the 80.4 in September 2020.
• The measure of Current Economic Conditions fell to 77.1, down 1.8% from August’s 78.5, and 12.2% from September 2020’s 87.8.
• The Index of Consumer Expectations grew 3.1% to 67.1 from 65.1 in August, but down 11.2% from 75.6 a year ago.
• Chief Economist Richard Curtin said the latest figures indicate that consumers still expect the least favorable economic prospects in over a decade.
• Buying attitudes for household durables fell to a decade-low, while buying conditions for homes, vehicles, and household durables declined to record-lows.