Consumers See ‘Least Favorable Prospects In A Decade’

Consumers See ‘Least Favorable Prospects In A Decade’

After plunging in August amid inflation fears and Delta wave concerns, consumer sentiment remained subdued in September, the preliminary read on the University of Michigan's gauge suggested. At 71, the headline print missed estimates (72) and represented almost no improvement from the decade low hit last month (figure below). "Some observers anticipated that the early August plunge in confidence would quickly disappear since it was driven by emotions," the survey said. "A more accurate reading
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