- The gauge of current conditions fell to 86.2 in February from 86.7 a month earlier.
- A measure of expectations dropped to 70.7 from 74 in January, according to the Jan. 27-Feb. 22 survey.
That is the lowest headline UMich print since August.
“The worst of the pandemic may be nearing its end, but few consumers anticipate persistent and robust economic growth in the years ahead or that employment conditions will be soon restored,’’ Richard Curtin, director of the survey, said in the report.
Buying Conditions tumbled across the board…
The partisan divide continues to widen with Dems more positive and Reps’ confidence crashing…
And as investors and policy makers are watching carefully for signs of inflation, according to the Michigan Index, consumers expect prices to rise 3.3% in the next year, which was the highest since 2014 and matched the preliminary reading.
Fri, 02/26/2021 – 10:08
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Author: Tyler Durden