Current:Home > NewsUS consumer sentiment ticks higher for second month but remains subdued-DB Wealth Institute B2 Expert Reviews
US consumer sentiment ticks higher for second month but remains subdued
View Date:2024-12-23 23:49:27
WASHINGTON (AP) — Americans’ outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture.
The University of Michigan’s consumer sentiment index ticked up to 69 in its preliminary reading, from 67.9 in August and its highest level since May.
The survey bottomed out in June 2022, when inflation peaked at 9.1%, and has since risen by about 40%, though it remains signficantly below pre-pandemic levels.
“Consumers remain guarded as the looming election continues to generate substantial uncertainty,” said Joanne Hsu, director of consumer surveys at University of Michigan.
Rising consumer confidence can sometimes signal a greater willingness to spend, though Americans have largely continued to spend at a healthy pace even though their confidence, as measured in surveys, has been subdued.
veryGood! (8)
Related
- Ryan Reynolds Makes Dream Come True for 9-Year-Old Fan Battling Cancer
- Jet skiers reportedly killed by Algerian coast guard after running out of gas
- Jimmy Buffett's cause of death was Merkel cell skin cancer, which he battled for 4 years
- Smash Mouth frontman Steve Harwell dies at 56
- Olivia Munn Says She “Barely Knew” John Mulaney When She Got Pregnant With Their Son
- Peacock, Big Ten accidentally debut 'big turd' sign on Michigan-East Carolina broadcast
- Russia moon probe crash likely left 33-foot-wide crater on the lunar surface, NASA images show
- Investigation launched into death at Burning Man, with thousands still stranded in Nevada desert after flooding
- Will the NBA Cup become a treasured tradition? League hopes so, but it’s too soon to tell
- Ex-Smash Mouth vocalist Steve Harwell enters hospice care, 'being cared for by his fiancée'
Ranking
- Black women notch historic Senate wins in an election year defined by potential firsts
- Olivia Rodrigo Responds to Theory That Vampire Song Is About Taylor Swift
- More than 85,000 TOMY highchairs recalled over possible loose bolts
- How Shaun White Found a Winning Partner in Nina Dobrev
- Jessica Simpson’s Sister Ashlee Simpson Addresses Eric Johnson Breakup Speculation
- RHOA's Shereé Whitfield Addresses Plastic Surgery Accusations in Outrageous Reunion Bonus Clip
- Vanessa Bryant Shares Sweet Photo of Daughters at Beyoncé’s Concert With “Auntie BB”
- Kristin Chenoweth marries Josh Bryant in pink wedding in Dallas: See the photos
Recommendation
-
Pete Rose fans say final goodbye at 14-hour visitation in Cincinnati
-
UAW’s clash with Big 3 automakers shows off a more confrontational union as strike deadline looms
-
What does 'rn' mean? Here are two definitions you need to know when texting friends.
-
1881 Lake Michigan shipwreck found intact with crew's possessions: A remarkable discovery
-
The charming Russian scene-stealers of 'Anora' are also real-life best friends
-
Four astronauts return to Earth in SpaceX capsule to wrap up six-month station mission
-
Good to be 'Team Penko': Jelena Ostapenko comes through with US Open tickets for superfan
-
Phoenix man let 10-year-old son drive pickup truck on freeway, police say