NFIB Weekly News
US Consumer Sentiment Worse Than Expected With Continued Inflation Worries (09/21/2021)
Bloomberg (9/17, Rockeman) reported the University of Michigan on Friday issued its findings that “U.S. consumer sentiment rose slightly in early September but remained close to a near-decade low, while buying conditions for household durables deteriorated to their worst since 1980 because of high prices.” The university’s “preliminary sentiment index edged up to 71 from 70.3 in August,” which “trailed the median estimate of 72 in a Bloomberg survey of economists.”
Reuters (9/17, Burns) reported, “U.S. consumer sentiment steadied in early September after plunging the month before to its lowest level in nearly a decade, but consumers continue to have a bleak view of the outlook amid a stiff bout of inflation.” Reuters adds that “Economists polled by Reuters had forecast a reading of 72.”