Americans’ Confidence Dips In August As Chicago PMI Plunges Into Contraction
The MNI Chicago PMI for August was a disaster, printing below even the worst analyst’s expectations.
Against expectations of a rise to 57.9, the headline print crashed from 57.6 to 47.1 (flashing recession signals)…
Prices paid accelerated while the overall business barometer plunged into contraction.
That is the biggest MoM drop since COVID…
However, in the face of that collapse in business confidence, UMich reported US consumer sentiment fell in August for the first time in three months on a worsening economic outlook, even as expectations for inflation in the year ahead eased.
The University of Michigan’s sentiment index decreased to 51.7 in August, according to data released Friday. The final reading was slightly improved from the preliminary reading and above expectations.
Sentiment declines in August were seen for all political groups and were particularly acute among Republicans.
Year-ahead inflation expectations tumbled to 4.0%.
The current reading still substantially exceeds the 3.4% seen in February before the Iran conflict began, along with all 2024 readings.
Long-run inflation expectations held steady at 3.3% for the third consecutive month, remaining a bit higher than its 2024 range of 2.8% to 3.2%.
Consumers continue to worry that “inflation will remain elevated for the foreseeable future,” Joanne Hsu, director of the survey, said in a statement.
“In addition to the pocketbook issues that have been central to consumers’ views of the economy, they are increasingly worried that prospects elsewhere in the economy could be weakening,” she added.
With ongoing policy uncertainty including the Iran conflict, consumers anticipate further increases in gasoline prices both in the short and long run.
Interestingly, stockholders remain more fearsome of inflation than non-stockholders…
So, while stocks are testing record highs, businesses are suffering recession-like symptoms, and the ‘average joe’ appears to be getting less confident (despite inflation fears fading).
Tyler Durden Fri, 08/28/2026 – 10:32
Source: https://freedombunker.com/2026/08/28/americans-confidence-dips-in-august-as-chicago-pmi-plunges-into-contraction/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,830,373,326 |
| Stories: | 8,695,230 |
Whistler Blowers, Insiders
