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Consumer Sentiment: Difference between revisions
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== | == University of Michigan Index == | ||
=== November 2023 === | === <big>Methodology</big> === | ||
Consumer sentiment slipped for the fourth straight month, falling 5% in November. While current and expected personal finances both improved modestly this month, the long-run economic outlook slid 12%, in part due to growing concerns about the negative effects of high interest rates. | The monthly Surveys of Consumers is an ongoing nationally representative survey based on approximately 600 telephone interviews with adult men and women living in households in the coterminous United States (48 States plus the District of Columbia). The sample is designed to maximize the study of change by incorporating a rotating panel sample design in an ongoing monthly survey program. For each monthly sample, an independent cross-section sample of households is drawn. The respondents chosen in this drawing are then reinterviewed six months later. A rotating panel design results, and the total sample for any one survey is normally made up of two thirds of new respondents, and one third being interviewed for the second time. <ref>https://data.sca.isr.umich.edu/survey-info.php</ref><ref>https://data.sca.isr.umich.edu/fetchdoc.php?docid=24774</ref><ref>https://data.sca.isr.umich.edu/fetchdoc.php?docid=57449</ref> | ||
=== <big>Developments</big> === | |||
==== November 2023 ==== | |||
Consumer sentiment slipped for the fourth straight month, falling 5% in November. While current and expected personal finances both improved modestly this month, the long-run economic outlook slid 12%, in part due to growing concerns about the negative effects of high interest rates.<ref>http://www.sca.isr.umich.edu/</ref> | |||
* Overall, lower-income consumers and younger consumers exhibited the strongest declines in sentiment. | * Overall, lower-income consumers and younger consumers exhibited the strongest declines in sentiment. | ||