Dueling Data

Since 1/1/2021, the Conference Board’s monthly survey of consumer confidence has been steadily rising, while the University of Michigan’s monthly survey of consumer sentiment has been softening. The Conference Board essentially looks at labor market conditions and they’ve been improving. The UofM’s sentiment survey looks at buying intentions for big-ticket items including homes and autos, which have been plagued by big price increases and limited supply. Both surveys are valuable.