University of Michigan's Index of Consumer Sentiment posts preliminary January level of 64.6, up from December's 59.7; current assessments of personal finances increased to highest reading in eight months due to higher incomes, easing inflation

Sample article from our Consumer Wellness

January 13, 2023 (press release) –

Preliminary Results for January 2023

  Jan Dec Jan M-M Y-Y
  2023 2022 2022 Change Change
Index of Consumer Sentiment 64.6 59.7 67.2 +8.2% -3.9%
Current Economic Conditions 68.6 59.4 72.0 +15.5% -4.7%
Index of Consumer Expectations 62.0 59.9 64.1 +3.5% -3.3%

 

Read our November 18th report, Five Patterns in Consumer Responses to Inflation.
Next data release: Friday, January 27, 2023 for Final January data at 10am ET
Surveys of Consumers Director Joanne Hsu
Consumer sentiment remained low from a historical perspective but continued lifting for the second consecutive month, rising 8% above December and reaching about 4% below a year ago. Current assessments of personal finances surged 16% to its highest reading in eight months on the basis of higher incomes and easing inflation. Although the short-run economic outlook fell modestly from December, the long-run outlook rose 7% to its highest level in nine months and is now 17% below its historical average.

Year-ahead inflation expectations receded for the fourth straight month, falling to 4.0% in January from 4.4% in December. The current reading is the lowest since April 2021 but remains well above the 2.3-3.0% range seen in the two years prior to the pandemic. Long-run inflation expectations were little changed from December at 3.0%, again staying within the narrow 2.9-3.1% range for 17 of the last 18 months. Long-run inflation expectations remain elevated relative to the 2.2-2.6% range seen in the two years pre-pandemic. Uncertainty over both inflation expectations measures remains high, and changes in global factors in the months ahead may generate a reversal in recent improvements.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order consumer wellness coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.