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Ankura Monthly Economic Indicators Overview [February 2024]

In January, U.S. consumer outlook saw a significant rise in the University of Michigan Consumer Sentiment Survey, with sentiment up by 21.7%, the highest since July 2021. Consumer credit continues to climb, hitting another record high of $17.5 trillion. Retail sales rose slightly but below the rate of inflation, with food and dining one of the bright spots (again) showing a notable increase. However, hard goods, sporting goods, electronics, and department stores segments were big decliners in January.   

© Copyright 2024. The views expressed herein are those of the author(s) and not necessarily the views of Ankura Consulting Group, LLC., its management, its subsidiaries, its affiliates, or its other professionals. Ankura is not a law firm and cannot provide legal advice.


report, turnaround & restructuring, retail, business intelligence, economics & statistics, performance improvement

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