University of Michigan: Plunge in Confidence Due to Economics, Emotions
August 28, 2021
August 28, 2021
ANN ARBOR, Michigan, Aug. 28 (TNSRes) -- The University of Michigan issued the following news release:
Consumer sentiment fell in August by 13.4% from July, recording the least favorable economic prospects in more than a decade, according to the University of Michigan Surveys of Consumers.
The Sentiment Index has only recorded larger losses in six other monthly surveys since 1978, with the largest losses in how consumers viewed future economic prospects, said U-M econom . . .
Consumer sentiment fell in August by 13.4% from July, recording the least favorable economic prospects in more than a decade, according to the University of Michigan Surveys of Consumers.
The Sentiment Index has only recorded larger losses in six other monthly surveys since 1978, with the largest losses in how consumers viewed future economic prospects, said U-M econom . . .