{"id":277732,"date":"2025-05-31T04:17:13","date_gmt":"2025-05-31T04:17:13","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/05\/31\/despite-upward-revisions-sentiment-still-looks-pretty-poor\/"},"modified":"2025-06-25T17:08:13","modified_gmt":"2025-06-25T17:08:13","slug":"despite-upward-revisions-sentiment-still-looks-pretty-poor","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/05\/31\/despite-upward-revisions-sentiment-still-looks-pretty-poor\/","title":{"rendered":"Despite Upward Revisions, Sentiment Still Looks Pretty Poor"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-56816\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Final May figures for Michigan survey are out. As noted in the release, final figures are more positive with the inclusion of post-pause responses. Here\u2019s the picture of confidence and sentiment, updated.<\/p>\n<p><span id=\"more-56816\"\/><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/sent_conf_stdized3a.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-56817\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/sent_conf_stdized3a.png\" alt=\"\" width=\"835\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/sent_conf_stdized3a.png 835w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/sent_conf_stdized3a-300x202.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/sent_conf_stdized3a-768x516.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/sent_conf_stdized3a-624x419.png 624w\" sizes=\"(max-width: 835px) 100vw, 835px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong>\u00a0U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Source: UMichigan, Gallup,\u00a0<a href=\"https:\/\/www.conference-board.org\/topics\/consumer-confidence\">Conference Board<\/a>, and author\u2019s calculations.<\/em><\/p>\n<p>How much worse did the U.Michigan expectations index look in the preliminary release?<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/umichexpectpix.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-56818\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/umichexpectpix.png\" alt=\"\" width=\"835\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/umichexpectpix.png 835w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/umichexpectpix-300x202.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/umichexpectpix-768x516.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/umichexpectpix-624x419.png 624w\" sizes=\"(max-width: 835px) 100vw, 835px\"\/><\/a><\/p>\n<p><em><strong>Figure 2:<\/strong> U.Michigan expectations, final (dark blue), and preliminary for May (light blue square). Source: U.Michigan.<\/em><\/p>\n<p>Not that much worse \u2013 expectations had declined substantially even before May.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/05\/despite-upward-revisions-sentiment-still-looks-pretty-poor\" title=\"8:26 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-05-30T20:26:08-07:00\">May 30, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/05\/despite-upward-revisions-sentiment-still-looks-pretty-poor\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Final May figures for Michigan survey are out. As noted in the release, final figures are more positive with the inclusion of post-pause responses.<\/p>\n","protected":false},"author":1,"featured_media":277733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/277732"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=277732"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/277732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/277733"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=277732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=277732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=277732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}