{"id":348614,"date":"2025-09-30T14:25:29","date_gmt":"2025-09-30T19:25:29","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/30\/conference-board-a-sharp-deterioration-in-consumers-views-of-the-current-economic-situation-weighed-on-confidence\/"},"modified":"2025-09-30T14:25:29","modified_gmt":"2025-09-30T19:25:29","slug":"conference-board-a-sharp-deterioration-in-consumers-views-of-the-current-economic-situation-weighed-on-confidence","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/30\/conference-board-a-sharp-deterioration-in-consumers-views-of-the-current-economic-situation-weighed-on-confidence\/","title":{"rendered":"Conference Board: \u201cA sharp deterioration in consumers\u2019 views of the current economic situation weighed on confidence\u201d"},"content":{"rendered":"

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Per release<\/a> today. In standardized terms, U.Michigan Sentiment and Conference Board Confidence are at the same level in September.<\/p>\n

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Figure 1:<\/strong> U.Michigan Economic Sentiment (blue), Conference Board Confidence Index (brown), Gallup Confidence (green), all demeaned and divided by standard deviation 2021M01-2025m02. Red dashed line at \u201cLiberation Day\u201d Source: UMichigan, Gallup, Conference Board<\/a>, and author\u2019s calculations.<\/em><\/p>\n

As is well known, there\u2019s considerable heterogeneity by partisan affiliation, demographics, and income. Linking in with the remarkable persistence of consumption growth with low confidence\/sentiment is the heterogeneity across income terciles, as enumerated by the U.Michigan survey.<\/p>\n

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Source: U.Michigan<\/a>, accessed 9\/30\/2025.<\/em><\/p>\n

Confidence is lowest in the lowest income tercile, and highest in the highest tercile, which accounts for most of the consumption spending. In other words, a population weighted sentiment index doesn\u2019t mecessarily match up with a dollar-weighted consumption metric.<\/p>\n<\/p><\/div>\n


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