University of Michigan consumer sentiment Preliminary for August 58.6 vs 62.0 est ...Middle East

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Prior month 61.7Consumer sentiment 58.6 vs 62.0 estCurrent conditions 60.9 vs 67.9 est. Last month 68.0Expectations 57.2 vs 56.5 est. Last month 57.71 year inflation 4.9% vs 4.5% last month5 year inflation 3.9% vs 3.4% last month

A big drop in the Michigan sentiment.

From Joanne Hsu from the Univ. of Michigan

Consumer sentiment fell back about 5% in August, declining for the first time in four months. This deterioration largely stems from rising worries about inflation. Buying conditions for durables plunged 14%, its lowest reading in a year, on the basis of high prices. Current personal finances declined modestly amid growing concerns about purchasing power. In contrast, expected personal finances inched up a touch along with a slight firming in income expectations, which remain subdued. Overall, consumers are no longer bracing for the worst-case scenario for the economy feared in April when reciprocal tariffs were announced and then paused. However, consumers continue to expect both inflation and unemployment to deteriorate in the future.Year-ahead inflation expectations rose from 4.5% last month to 4.9% this month. This increase was seen across multiple demographic groups and all three political affiliations. Long-run inflation expectations also lifted from 3.4% in July to 3.9% in August. This month ended two consecutive months of receding inflation for short-run expectations and three straight months for long-run expectations. Still, both readings remain well below the highs seen briefly in April and May 2025 This article was written by Greg Michalowski at investinglive.com.

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Last updated : 15 August 2025 clock 05:12 PM

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University of Michigan consumer sentiment Preliminary for August 58.6 vs 62.0 est ...Middle East

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