USA: Consumption climate at the University of Michigan is surprisingly clouding over

finance

USA: Consumer confidence at the University of Michigan is surprisingly cloudier

Lowest level since August 2020 – economists had expected an increase

The consumer climate in the USA surprisingly clouded over in February. The consumer confidence surveyed by the University of Michigan fell from the previous month by 2.8 points to 76.2 points, as the university announced on Friday according to an initial survey. That is the lowest level since August 2020. Economists, however, had expected an increase to 80.9 points.

Consumer expectations have deteriorated noticeably. The assessment of the current situation clouded over only slightly. Consumers also expect inflation to rise.

The University of Michigan indicator is a measure of the purchasing behavior of American consumers. It is based on a telephone survey of around 500 households. Questions are asked about the financial and economic assessment of the situation as well as the corresponding expectations.

Investors scramble for Roblox, a newcomer to the stock exchange

Investors continue to scramble for Roblox, a newcomer to the stock market, which continues the series of interesting stock market Read more

Possible fire hazard: Mercedes calls back 264,000 cars

This affects C-Class and GLC vehicles built between 2016 and 2020. Connections to gas lines in the inerting system could Read more

Leave a Reply