Consumer confidence continues to improve but remains well below the levels seen before the coronavirus pandemic despite the rebound in housing and equity markets, surveys show.
Driving the news: The University of Michigan released its latest consumer sentiment index Friday showing an overall small improvement that was the result of increasing optimism about the future and pessimism about the present.
What they’re saying: “The Current Conditions Index recorded its second small reversal, the first being in June, but even at its best, it has never come close to its December peak, being still down by 26.5%,” the survey’s analysts said in a release.