The Hispanic Consumer Sentiment Index (CSI) gain 6 points from 100.8 in July to 106.2 which is the highest month on record. The Michigan index dropped 0.2 of a point and the overall difference between the indexes is of 16.4 points.
Perceptions of one’s personal financial situation in a year from now increased from July. Overall, 82% of Hispanics say they will better off financially in a year from now, up by 5 points from July (82% vs. 76%)
Reading on U.S. economic conditions in the next five years increased sharply compared to July. Overall, expectations of U.S. economic conditions over the next five years among Hispanics increased by 15 points compared to July (68% vs. 53%)
Opinions as to whether now is a good time to buy a big-ticket items rose compared to July. Overall, Hispanics have more favorable buying plans for big ticket items such as furniture, refrigerators, ovens or televisions, up by 5 points from July (74% vs. 69%)
The 2 components of the index that decline in August are current personal financial situation and short term expectations of the U.S. economy
The Hispanic Consumer Sentiment Index (CSI) saw its first drop after two consecutive months of growth with a 94.0 score, down 1.9 points from March’s 95.9 but up 2.4 points from where it was a year ago.
The Current Economic Conditions (CEC) decreased by 2.2 points compared to March.
The Index of Consumer Expectations (ICE) continues to outpace the national average set by UM by 13.7 points, 91.3 to 77.6.
The Hispanic Consumer Sentiment Index (CSI) gave back its December’s gain by dropping 1.54 points from 92.01 in December to 90.47 in January and continues to lag behind the University of Michigan (UM) Consumer Index for the third straight month.
The Current Economic Conditions (CEC) gave back its 4.54 point gain in December and now stands at 90.01.
The Index of Consumer Expectations (ICE) continues to outpace the national average set by UM by 4.75 points, 87.45 to 82.7 but dropping from December by 1.65.