In the latest poll, the terms of purchase were the worst in decades – MeshTalk

Consumer sentiment is not optimistic

Worst purchase terms in decades

Bloomberg Reports Americans see worst buying conditions in decades of high prices

Data released on Friday showed that the University of Michigan’s preliminary sentiment index rose to 71 from 70.3 in August. The number followed the average score of 72 in a Bloomberg survey of economists.

Terms of purchase for durable household goods, homes and cars have fallen to their lowest levels in decades. The report said the declines were due to complaints about price hikes. Consumers expect inflation to rise by 4.7% over the next year, the highest level since 2008.

The university’s measure of current conditions fell to 77.1, the lowest level since April 2020, from 78.5. The expectations scale rose to 67.1 from 65.1, according to the survey conducted from August 25 to September 12.

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