In January, U.S. consumer outlook saw a significant rise in the University of Michigan Consumer Sentiment Survey, with sentiment up by 21.7%, the highest since July 2021. Consumer credit continues to climb, hitting another record high of $17.5 trillion. Retail sales rose slightly but below the rate of inflation, with food and dining one of the bright spots (again) showing a notable increase. However, hard goods, sporting goods, electronics, and department stores segments were big decliners in January.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.