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Americans’ Economic Expectations Improve

June 26, 2015

The University of Michigan reported today that the economic expectations of Americans for the next six months improved during June, with its consumer expectations index rising to 87.8, from 84.2 during May. Continue reading below ...

 

05/06/15: Our research indicates that stock prices, in general, are in danger of pulling back sharply within the next few weeks ....

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Meanwhile, the University’s consumer sentiment index, which reveals Americans’ feelings regarding the current state of the economy, rose to 96.1 during June, from 90.7 during May.

The developments mentioned above are very significant, because U.S. households tend to increase their spending when their feelings about the economy improves, and because the pace of economic growth in the United States tends to increase when American households increase their spending.

Additionally, stock prices tend to trend higher when the pace of economic growth in the United States increases. See chart >

UMI Consumer Expectations Index

Personal Spending Continues to Trend Higher, Rising by 3.4 Percent

06/25/15: The U.S. Department of Commerce announced today that U.S. households continued to increase their spending on various types of goods and services during May, with inflation-adjusted personal consumption expenditures rising by 3.4 percent, as compared to the same month a year ago.

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Durable Goods Orders Fall Sharply While New Home Sales Rise

06/23/15: The U.S. Department of Commerce announced today that sales of durable goods, which include household appliances, office equipment and other long-lasting products, declined by 1.8 percent during May, as compared to the prior month, and by 5.5 percent compared to the same month a year ago.

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