Pennsylvania Trust

Consumer Sentiment

Consumer Sentiment

American consumer sentiment moved higher in July, close to its best level in 15 years. The combination of a prolonged rally in stocks and an unemployment rate that is at its lowest level in 50 years continues to fuel optimism about personal finances. The University of Michigan’s report on Friday showed more Americans expect to be financially better off a year from now, with the gauge matching the highest level since 2004.

This confirmation of consumer strength is welcome news for an economy that remains challenged by weaker global growth, soft manufacturing and softer business investment.


Disclosure: This Commentary represents a review of topics of possible interest to Pennsylvania Trust’s clients and is not personalized investment advice. It contains Pennsylvania Trust’s opinions, which may change following the date of publication. Information obtained from third-party sources is assumed to be reliable but is not guaranteed. No outcome – including performance – is guaranteed, due to various uncertainties and risks. This document is not a recommendation of any particular investment. Investment decisions for clients are made on an individualized basis and may be different from what is expressed here. Past performance is no guarantee of future results.