British consumers' mood improved in August as lower inflation eased concerns about personal finances, although overall sentiment remained poor due to worries about the wider economy, according to a survey by GfK.
Americans' attitudes toward the US economy are becoming more tentative as consumer sentiment remains steady, reflecting divergent views on the economy's improvements and concerns about inflation, with inflation expectations remaining higher than pre-pandemic levels.
Consumer confidence is dropping despite a strong economy, leading to questions about the factors influencing sentiment.
Canadian consumer and business confidence has plummeted to its lowest levels since the pandemic, leading to a disconnect between the state of the economy and the public's negative sentiment, which could be attributed to anxiety-inducing inflation and concerns about rising interest rates as well as worsening structural problems such as unaffordable home prices and stagnant GDP per capita.
A new poll reveals that a majority of Americans have negative views of the economy, citing concerns about rising costs, increased debt, the end of pandemic aid, reduced spending on luxuries, and plans to spend less during the holiday season.
Americans are feeling uncertain about the economy's direction and are starting to worry about a possible government shutdown, as consumer sentiment dips in September due to concerns about inflation and higher gas prices.
Consumer sentiment in the US fell for the second month in a row in September, reflecting concerns about the economy, even though Americans believe that inflation will continue to slow.
The difference between two consumer sentiment measures suggests a slowdown in the U.S. economy, indicating a potential recession.
Americans are feeling pessimistic about the economy despite the decline in inflation, with rising prices and reduced household income affecting their perception, potentially influencing the outcome of the 2024 presidential election.
