US household sentiment improves for third consecutive month

14 July 2023

 

Summary: University of Michigan consumer confidence index improves again, well-above expectations; views of present conditions, future conditions improve; sentiment improves for all demographic groups except lower-income consumers; ANZ: difficult to put comforting spin on lift in 1-year-ahead inflation expectations. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a growing unease with the global spread of COVID-19 and its reach into...

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