University of Michigan's Consumer Confidence Index Falls in April

The University of Michigan’s Consumer Confidence Index fell from 101 in February to 72 in April. University analysts state that a collapse in confidence stemmed from concerns around personal finances and the national economy – both related to fallout...
Apr 28, 2020

The University of Michigan’s Consumer Confidence Index fell from 101 in February to 72 in April. University analysts state that a collapse in confidence stemmed from concerns around personal finances and the national economy – both related to fallout from the coronavirus. Hope for consumer confidence to be made whole again will rise as COVID-19 cases decline and are contained. While the United States waits for economic recovery, it should be noted that consumer confidence will fluctuate pending the reopening of the economy. Once open, if a resurgence of infections occurs due to poor social distancing and travel regulations, consumer confidence may plummet further.

View the full report here.

PicturePicture
Author
Patrick McGibbon
Chief Knowledge Officer
Recent intelligence News
The statistical perspective of significance should not be confused with the practical sense of significance. Consider the difference between something having strategic importance versus something being statistically significant.
Jan de Nijs oversees Lockheed Martin’s manufacturing production data collection and management at the F-35 plant in Ft. Worth, Texas and is team leader within the Lockheed Martin Digital Transformation Program. In 2019, he was awarded the prestigious...
IHS Markit compiles data from the Purchasing Managers’ Index (PMI) for more than 40 economies worldwide. Monthly reports are derived from survey data collected from senior executives at private sector companies. This month, private sector firms in the...
The two best places to build a deep understanding of the manufacturing technology eco-system are IMTS and EMO. These past couple weeks, EMO has been the center of the manufacturing world as innovators, builders, customers, investors, and enthusiasts...
Elsewhere in this edition of AMT News, there are summaries and articles on my outlook presented to IMTS exhibitors, Alan Beaulieu’s outlook presented at EASTEC, and Bill Strauss’s update presented to the MTForecast community...
Similar News
undefined
Technology
By AMT | Jan 04, 2021

Episode 40: We’ve made it to the end of 2020! Ben and Steve start by conversing their general observations from the year. Next, they get a bit more serious by discussing the year’s impact on the economy. Benjamin and Stephen wrap up by beginning to talk...

1 min
undefined
International
By Edward Christopher | Mar 04, 2020

We’ve stated it here before: The majority of the world’s machine tool market lies outside of the United States. Consumption statistics put that number in excess of 80 percent, leaving less than 20 percent here at home. If you are not exporting or...

3 min
undefined
Intelligence
By Patrick McGibbon | Mar 04, 2020

USMTO closed a historic year as we published December 2019 data reports. Topping the list was the complete redevelopment of USMTO operating software. From the user interface to the duplicate elimination and masking algorithms,...

4 min