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SMLL - Lack Of Confidence In Government Stifles Consumer Sentiment Recovery
Direxion Daily Small Cap Bull 2X Shares
By Robert Hughes
The preliminary August results from the University of Michigan Surveys of Consumers show overall consumer sentiment was roughly unchanged in early August and remains well below pre-lockdown levels. A lack of confidence in government policies was a key theme driving the weak results.
Overall consumer sentiment increased slightly to 72.8 in early August, up from 72.5 in July, a 0.4 percent rise (see chart). From a year ago, the index is still down 18.9 percent. The sub-indexes posted opposing changes in early August. The current-economic-conditions index fell to 82.5 from 82.8 in