Skip to Content

Brexit sours economic outlook for U.S. consumers

July 15, 2016 In The News 1 min read
Authors:
Jim Baird Wealth Management

Americans took a dimmer outlook on the economy this month due largely to the UK's vote to leave the EU, though their impression of the current state of the economy remained solid.

The University of Michigan said Friday its monthly index of consumer sentiment fell 4.3 percent to a reading of 89.5 in July, the second-lowest level of the year. Economists look at consumer sentiment because when households feel better about the economy, they typically spend more, boosting economic growth.

Related Thinking

Hands typing on laptop computer.
September 29, 2023

Think cybersecurity is just an IT responsibility? Think again

Article 5 min read
Group of business professionals discussing the ERC.
September 28, 2023

IRS pauses ERC claims: What taxpayers should know

Webinar 45 min watch
Group of financial advisors celebrating.
September 28, 2023

PMFA is named a top RIA by Barron’s for another year!

In The News 1 min read