{"id":1004187845,"date":"2017-08-21T06:35:17","date_gmt":"2017-08-21T14:35:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004187845"},"modified":"2022-12-09T01:18:12","modified_gmt":"2022-12-09T09:18:12","slug":"economy-watch-consumers-feeling-good-this-summer","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-feeling-good-this-summer\/","title":{"rendered":"Economy Watch: Consumers Feeling Good This Summer"},"content":{"rendered":"<p>By D.C. Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004187848\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Consumer-Sentiment-0817.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004187848\" data-attachment-id=\"1004187848\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-feeling-good-this-summer\/consumer-sentiment-0817\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Consumer-Sentiment-0817.jpg\" data-orig-size=\"645,216\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1503311628&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Consumer Sentiment 0817\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: University of Michigan Surveys of Consumers, August 2017 (Preliminary)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Consumer-Sentiment-0817.jpg?w=645\" class=\"wp-image-1004187848\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Consumer-Sentiment-0817.jpg\" alt=\"Source: University of Michigan Surveys of Consumers, August 2017 (Preliminary)\" width=\"400\" height=\"134\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Consumer-Sentiment-0817.jpg 645w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Consumer-Sentiment-0817.jpg?resize=300,100 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004187848\" class=\"wp-caption-text\">Source: University of Michigan Surveys of Consumers, August 2017 (Preliminary)<\/p><\/div>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-consumers-start-off-2017-with-confidence\/\">U.S. consumer confidence<\/a> rose in the first half of August to its highest level since January, according to the University of Michigan Surveys of Consumers on Friday. That might be good news for retailers and other industries that depend largely on optimistic consumers\u2014provided the good feelings last.<\/p>\n<p>The two component indices moved in opposite directions, with the Current Conditions Index falling slightly from its decade peak, down to 111.0 in August from 113.4 the month before. By contrast, the Expectations Index posted a more substantial rebound: 89.0 in August, compared with 80.5 in July. As with the overall Sentiment Index, the component indices have nearly regained the peak levels recorded earlier in 2017.<\/p>\n<h2>Positive outlook\u00a0<\/h2>\n<p>Surveys of Consumers Chief Economist Richard Curtin posited that the rise was due to a more positive outlook for the overall economy, as well as more favorable personal financial prospects.\u00a0<\/p>\n<p>The partisan difference between the optimism of Republicans and the pessimism of Democrats is still likely to persist, with Independents remaining as the bellwether group. At this point, the data continue to indicate a gain of 2.4 percent in personal consumption expenditures in 2017, Curtin said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The University of Michigan&#8217;s latest sentiment survey reveals that consumer confidence in August reached its highest level since January, indicating a positive overall outlook for the U.S. economy.<\/p>\n","protected":false},"author":1023,"featured_media":1004187848,"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-1004187845","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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