Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="SlugSlinger" data-source="post: 3043102" data-attributes="member: 7248"><p><span style="font-size: 22px"><strong>Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High</strong></span></p><p><a href="https://www.bloomberg.com/authors/AS35FbGbIx4/agnel-philip" target="_blank">More stories by Agnel Philip</a>October 13, 2017, 9:00 AM CDT</p><p>U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday.</p><p></p><p><span style="font-size: 15px"><strong>Key Takeaways</strong></span></p><p>The jump in sentiment, which was greater than any analyst had projected, may reflect several trends: falling gasoline prices following a hurricane-related spike; repeated record highs for the stock market; a 16-year low in unemployment; and post-storm recovery efforts driving a rebound in economic growth.</p><p></p><p>The advance in the main gauge spanned age and income subgroups as well as partisan views, according to the report. Almost six out of every 10 consumers thought the economy had recently improved in early October, the university said.</p><p></p><p>Not all measures in the survey showed big gains: the share of consumers reporting improved finances held steady at about half, while the proportion expecting gains in their financial situation fell slightly to 40 percent. </p><p></p><p><span style="font-size: 15px"><strong>Official’s Views</strong></span></p><p>“While the early October surge indicates greater optimism about the future course of the economy, it also reflects an unmistakable sense among consumers that economic prospects are now about as good as could be expected,” Richard Curtin, director of the University of Michigan consumer survey, said in a statement. “Indeed, nothing in the latest survey indicates that consumers anticipate an economic downturn anytime soon -- which contrarians may consider a clear warning sign of trouble ahead.”</p><p></p><p><span style="font-size: 15px"><strong>Other Details</strong></span></p><ul> <li data-xf-list-type="ul">83 percent of respondents saw buying conditions for household durables as favorable, most in more than a decade; positive vehicle-buying attitudes at 75 percent, highest since 2004</li> <li data-xf-list-type="ul">Consumers saw inflation rate in the next year at 2.3 percent after 2.7 percent the prior month</li> <li data-xf-list-type="ul">Inflation rate over next five to 10 years seen at 2.4 percent after 2.5 percent in September</li> </ul></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3043102, member: 7248"] [SIZE=6][B]Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High[/B][/SIZE] [URL='https://www.bloomberg.com/authors/AS35FbGbIx4/agnel-philip']More stories by Agnel Philip[/URL]October 13, 2017, 9:00 AM CDT U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday. [SIZE=4][B]Key Takeaways[/B][/SIZE] The jump in sentiment, which was greater than any analyst had projected, may reflect several trends: falling gasoline prices following a hurricane-related spike; repeated record highs for the stock market; a 16-year low in unemployment; and post-storm recovery efforts driving a rebound in economic growth. The advance in the main gauge spanned age and income subgroups as well as partisan views, according to the report. Almost six out of every 10 consumers thought the economy had recently improved in early October, the university said. Not all measures in the survey showed big gains: the share of consumers reporting improved finances held steady at about half, while the proportion expecting gains in their financial situation fell slightly to 40 percent. [SIZE=4][B]Official’s Views[/B][/SIZE] “While the early October surge indicates greater optimism about the future course of the economy, it also reflects an unmistakable sense among consumers that economic prospects are now about as good as could be expected,” Richard Curtin, director of the University of Michigan consumer survey, said in a statement. “Indeed, nothing in the latest survey indicates that consumers anticipate an economic downturn anytime soon -- which contrarians may consider a clear warning sign of trouble ahead.” [SIZE=4][B]Other Details[/B][/SIZE] [LIST] [*]83 percent of respondents saw buying conditions for household durables as favorable, most in more than a decade; positive vehicle-buying attitudes at 75 percent, highest since 2004 [*]Consumers saw inflation rate in the next year at 2.3 percent after 2.7 percent the prior month [*]Inflation rate over next five to 10 years seen at 2.4 percent after 2.5 percent in September [/LIST] [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High
Search titles only
By:
Top
Bottom