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Showing 1 - 10 of 92 results for %22University of Michigan%22

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... ongoing missive that the pick-up in measured inflation is "transitory". More so given the latest indications from the University of Michigan consumer sentiment where Richard Curtin - survey director - noted that: "Consumers' complaints about rising ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
... 121.7 in April - the highest level from February last year and the fourth straight month of improvement. Similarly, the University of Michigan's improved to a reading of 86.5 in April - the highest since March 2020 - from 84.9 in the previous month. ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... businesses reopened and workers went back to work. Consumer confidence has also improved. The Conference Board and the University of Michigan's consumer sentiment index have risen sequentially in May and June from the seven-year lows plumbed in April. ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
... increasing their purchases of "food and beverages" (25.6%) and "health and personal care" (4.3%). The lead from the University of Michigan's consumer sentiment survey points to further retrenchment in household spending - the index dropped to a reading ...

Chief economist update: It's the US consumer, stupid me

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
... improved in January 2020 and is "in the top 10% of all reading in the 46-year history of the survey". Good or bad, a University of Michigan survey of small business owners found that the "cautious optimism" under Obama turned into full-blown optimism ...

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... reports that North Korea could be preparing resumption of nuclear testing. "...but the fire is so delightful." The University of Michigan consumer sentiment index's preliminary estimate rose to a reading of 99.2 in December from 96.8 in November. ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... cut at 38.1% but lower than the 39.2% a week before. The answer could be in the US consumer. They are optimistic. The University of Michigan's consumer sentiment index rose to 96.8 in November - its highest reading in four months - from 95.5 in the ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... - this is the lowest rate of joblessness in nearly five decades (December 1969) - stoking consumer confidence. The University of Michigan's consumer sentiment index rose to a 15-year high in May which, in turn, encourages greater consumption. Meanwhile ...

Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
The University of Michigan's latest update on consumer confidence indicates that there's hope still for household spending. Recall the reported big drop in US retail spending (down 1.2% in the month of December) that I penned is consistent with ...

Chief economist update: US consumer sentiment cops bullet

BENJAMIN ONG  |  MONDAY, 21 JAN 2019
... get our plumbing fixed. The trigger for this trip down memory lane was headlines talking about the big drop in the University of Michigan's consumer sentiment index for January. I could paraphrase UM's report, but its chief economist - Richard ...
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