“ Consumer sentiment improved for the 4 th consecutive month, rising 3.5% to its highest reading in six months … the expectations index surged across all dimensions, reaching its highest reading since July 2021...Sentiment is now nearly 50% above its June 2022 trough but remains below pre-pandemic readings. ” 11/4/24
Consumer Sentiment (Confidence) Index* University of Michigan, since 1978
Peak: dotcom bubble
110
2012-2020 recovery & high-tech boom
105
Peak: subprime bubble
100
95
90
Mid- late 90’s recovery
85
Market recession
Market recession
1980’s recovery
80
2001 dotcom crash ▲
75
Pandemic hits ▲
Pandemic hits ▲
70
Interest rates soar ▲
65
1990 recession
60
Interest rates jump ▲
2008 market crash ▲
55
Updated through 11/4/24 release
50
*University of Michigan: Consumer Sentiment [UMCSENT], per Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UMCSENT. Not seasonally adjusted. 1966, Q1 = 100. 2023, 2024 readings per http://www.sca.isr.umich.edu/. Mid-month readings labeled “preliminary . ”
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