US Consumer Sentiment Falls Less Than Feared

The report comes after data this morning showed that US economic growth cooled in the first three months of the year as consumer spending on cars, clothing and footwear decelerated. The final reading of the University of Michigan’s survey of consumers for April fell to 98.8 from 101.4 the previous month but was above a reading of 98 that economists had forecast. That was however more optimistic than the preliminary reading of 97.8. US consumer sentiment in April slipped to the lowest level in three months but topped economists expectations as consumers took an upbeat view of their finances, data on Friday showed. 

Share this post


Link to post
Share on other sites

2 minutes ago, Petar said:

The report comes after data this morning showed that US economic growth cooled in the first three months of the year as consumer spending on cars, clothing and footwear decelerated... 

Probably because prices are increasing. Seriously, gas is up, Netflix went up, Amazon Prime is going up, groceries cost more. Ever since 'tax reform' passed, inflation seems to be accelerating...

Share this post


Link to post
Share on other sites

Smells at a crisis .... According to Bloomberg,  U.S. consumer sentiment eased last week from a 17-year high as Americans felt the pinch of higher gasoline prices. Sentiment decreased in Northeast, West; increased in Midwest, South. Sentiment declined among those earning less than $50,000 a year, underscoring the burden of rising fuel costs on lower-income Americans.
 

Share this post


Link to post
Share on other sites

Consumers are always the last to find out.

Share this post


Link to post
Share on other sites

Good eternal ol’ American optimism on the credit

Share this post


Link to post
Share on other sites

Generally, consumers are so gullible....I'm an example for that:)

Share this post


Link to post
Share on other sites

Yep. Higher gas prices are starting to hit consumer sentiment, particular among the lowest earners...

Share this post


Link to post
Share on other sites

I’m concerned on the consumer side.  Personal debt levels are higher than pre crash, interest rates are increasing, oil is rising again. I think families will use tax savings to first pay expensive debt down and any bump from consumer spending will be muted.

Share this post


Link to post
Share on other sites

U.S. economy’s growth slowed to 2.3% in first quarter of this year. As I know, 1st Q is historically the weakest quarter. 2.3% is still not so bad, but it's concerning

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0