PT Solid Gold Berjangka | US Consumer Sentiment Declines for First Time in Three Months


Ekonomi AS Revised UoM Consumer Sentiment PT SGB Solid Group SG Berjangka Solid Gold Berjangka

Solid Gold Berjangka | It’s interesting to see how consumer sentiment has shifted, particularly with the different trends among political affiliations. Here’s a breakdown of the key points from the article:

  • US consumer sentiment fell in February for the first time in three months, with both current and expected views of the economy deteriorating.
  • The sentiment index declined to 76.9 from 79 in January, according to the final February reading from the University of Michigan, lower than all estimates in a Bloomberg survey of economists.
  • Consumers expect prices will climb at an annual rate of 3% over the next year, up from the 2.9% expected in January. They also see costs rising 2.9% over the next five to 10 years, unchanged from the prior month.
  • Despite the drop, sentiment has been improving in the last two years as inflation has retreated without much damage to the economy. Consumers’ outlook tends to be sensitive to changes in gasoline prices, which rose markedly last month.
  • Joanne Hsu, director of the survey, mentioned that consumers perceived few changes in the state of the economy since the start of the new year and are assured that inflation will continue on a favorable trajectory.
  • The change in sentiment in February differed by political affiliation. Views among Republicans improved to the best level since mid-2021, while those for Democrats worsened by the most since June 2022, although they remained elevated compared to Republicans.
  • The current conditions gauge fell to 79.4, and a measure of expectations dropped to 75.2 from January. Buying conditions for durable goods eased, as did consumers’ expectations for their personal finances.

It seems like there are various factors at play, including the impact of inflation, perceptions of the economy, and political affiliations influencing consumer sentiment.