Confidence drops amid inflation frustration
October 27, 2023
October 27, 2023
ANN ARBOR, Michigan, Oct. 27 -- The University of Michigan issued the following news release:
Consumer sentiment fell back about 6% this October after inching down slightly for two consecutive months, according to the University of Michigan Surveys of Consumers.
One-year expected business conditions plunged 16% and expectations over consumers' own personal finances in the year ahead fell 8%, reflecting ongoing concerns about inflation and, to a lesser degree, uncer . . .
Consumer sentiment fell back about 6% this October after inching down slightly for two consecutive months, according to the University of Michigan Surveys of Consumers.
One-year expected business conditions plunged 16% and expectations over consumers' own personal finances in the year ahead fell 8%, reflecting ongoing concerns about inflation and, to a lesser degree, uncer . . .