Virtual assistants have become a hot topic, with Bank of America recently revealing that its virtual financial assistant, Erica, is now engaging with clients 2 million times per day, assisting with tasks ranging from monitoring recurring subscriptions to tracking deposits and refunds. But this surge...
Call it status quo — and maybe a sense of ennui? The latest, preliminary readings of consumer sentiment for the month of March, issued Friday (March 15) by the University of Michigan, found that things are little changed. The latest calculation came in at 76.5...
The more sanguine consumers feel about the state of the world — particularly about the state of inflation — the more apt they are to spend. That’s the shorthand logic, anyway. But even with the positive mindset logged in the most recent reading from the...
Consumer sentiment has reached its highest level since July 2021, with consumers expecting improvements in both inflation and personal incomes. The index reached this level with a 13% month-over-month improvement in January, which was preceded by a 14% improvement in December, according to the University...
March 15, 2024
Call it status quo — and maybe a sense of ennui? The latest, preliminary readings of consumer sentiment for the month of March, issued Friday (March 15) by the University of Michigan, found that things are little changed. The latest calculation came in at 76.5 for the current month, down just a bit from the […]
January 19, 2024
Headed into the new year, consumers are confident about the economy, and about overall trends in inflation. As reported by the University of Michigan’s survey of consumer sentiment, the latest reading...
October 13, 2023
Consumers don’t think the pressures on the household budgets are going to abate anytime soon. And certainly not in the next year. The University of Michigan’s latest reading of consumer...
February 02, 2024
Consumer sentiment has reached its highest level since July 2021, with consumers expecting improvements in both inflation and personal incomes. The index reached this level with a 13% month-over-month improvement in January, which was preceded by a 14% improvement in December, according to the University of Michigan’s Surveys of Consumers released Friday (Feb. 2). “Consumers […]
December 08, 2023
Consumer sentiment soared in December, reaching a point 13% higher than the previous month and 16% above the year-ago level. This marked a turnaround in consumer sentiment and erased all...
August 22, 2023
Peloton announced on Tuesday (Aug. 22) a partnership with the University of Michigan to support the fitness of students, athletes and alumni. The partnership, facilitated by LEARFIELD, a media and...
September 18, 2020
The University of Michigan Survey of Consumers reported that its Index of Consumer Sentiment registered a 78.9 result for September 2020 based on preliminary data, up from 74.1 in August...
