{"id":1004177003,"date":"2017-05-16T05:41:56","date_gmt":"2017-05-16T13:41:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004177003"},"modified":"2022-12-08T19:40:24","modified_gmt":"2022-12-09T03:40:24","slug":"economy-watch-consumers-still-fairly-optimistic","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-still-fairly-optimistic\/","title":{"rendered":"Economy Watch: Consumers Still Fairly Optimistic"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/p>\n

\"Source:<\/a>

Source: University of Michigan Survey of Consumers, May 2017<\/p><\/div>\n

Consumer sentiment remained high in early May, according to the University of Michigan on Friday. The early May figure for the school’s Consumer Sentiment Index, 97.7, was nearly identical with the December to May average of 97.4, and up 0.7 percent<\/a> for the month and 3.2 percent for the year.<\/p>\n

The “Trump bump”\u2014at least as far as consumer sentiment is concerned\u2014was relatively small, considering that the Sentiment Index averaged 91.8 in the comparable six-month period a year ago and 94.5 in the same period two years ago, according to the survey’s chief economist, Richard Curtin.<\/p>\n

More favorable income gains and low inflation contributed to consumers expressing the most favorable real income expectations in a dozen years, which might mean better times for retail stores. Personal consumption expenditures are expected to advance about 2.3 percent in 2017.<\/p>\n

But buying plans among the survey’s respondents were mixed: consumers were keen to buy household durables, but less so about buying cars. Home buying conditions were viewed less favorably, but were offset by the most favorable views about home selling in more than a decade, Curtin said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Favorable income gains and low inflation contributed to consumers expressing more optimism about the U.S. economy and their wage expectations in May, according to the University of Michigan’s latest Consumer Sentiment Index.<\/p>\n","protected":false},"author":1023,"featured_media":1004177006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[33273,34493,33274],"class_list":["post-1004177003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-consumer-sentiment-index","tag-richard-curtin","tag-university-of-michigan"],"acf":[],"yoast_head":"\nEconomy Watch: Consumers Still Fairly Optimistic - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-still-fairly-optimistic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Consumers Still Fairly Optimistic\" \/>\n<meta property=\"og:description\" content=\"Favorable income gains and low inflation contributed to consumers expressing more optimism about the U.S. economy and their wage expectations in May, according to the University of Michigan's latest Consumer Sentiment Index.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-still-fairly-optimistic\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-16T13:41:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:40:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Consumer-Sentiment-0417.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"697\" \/>\n\t<meta property=\"og:image:height\" content=\"197\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-still-fairly-optimistic\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-still-fairly-optimistic\/\",\"name\":\"Economy Watch: Consumers Still Fairly Optimistic - 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