UOM Consumer Sentiment Index dropped to a record low in June. The US Dollar Index stays on the back foot after this data. The University of Michigan’s Consumer Sentiment Index declined to 50 in June’s final reading from 50.2 in the flash estimate. This marked the lowest print on record. Further details of the survey … Read more
Economist at UOB Group Enrico Tanuwidjaja evaluates the Consumer Confidence gauge in Indonesia. Key Takeaways “Indonesia’s Consumer Confidence Index rose to an all-time high of 128.9 in May, up by 15.8pts from Apr’s 113.1.” “The Current Economic Condition Index improved to 116.4 in May from Apr’s 98.9.” “Consumer sentiment generally remains upbeat on the economy … Read more
The University of Michigan’s headline Consumer Sentiment Index slumped to 50.2 in June, its worst level since records began back in the 1970s, according to the preliminary release of the university’s widely followed monthly consumer survey. That was a large miss on the expected slight decrease to 58.0 from 58.4 in May. The Consumer Expectations … Read more
The University of Michigan’s final estimate of US Consumer Sentiment fell to 58.4 in May from 65.2 in April, below the flash estimate released earlier this month of 59.1, data released on Friday revealed. Meanwhile, the Consumer Expectations index was revised lower to 55.2 from the flash estimate of 56.3, after coming in at 62.5 … Read more