Economic Watch: Consumer Sentiment Best in Five Months
American consumers are feeling better about the economy with one measure hitting its highest level since January.


American consumers are feeling better about the economy with one measure hitting its highest level since January.
The University of Michigan Index of Consumer Sentiment rose this month to 96.1, following a final May reading of 90.7 and the highest level since January when it was at 98.1.
The latest reading is also 16.5% higher than in June 2014, the biggest year-over-year gain since 2004
“Consumers voiced in the first half of 2015 the largest and most sustained increase in economic optimism since 2004,” said Surveys of Consumers Chief Economist Richard Curtin. “Just as important, that same record was set by households in the top third of the income distribution as well as by the middle third and those in the bottom third of the income distribution.”
More importantly, he said, the recent surveys recorded those same records when consumers were asked to evaluate prospects for the national economy, their personal finances, and buying conditions.
“Consumer spending will remain the driving force of economic growth in 2015. Overall, the data indicate growth in consumer spending of 3% in 2015,” Curtin said.
Consumers were also upbeat in their evaluation of current economic conditions as well as their future expectations, with both showing strong gains from the month before and a year earlier.
The sunnier feelings in the survey are not surprising with the results being released a day after a government report showed consumer spending increased in May by its biggest margin in nearly six years.
More Fleet Management

Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities
The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.
Read More →How Waste Connections is Using Data, Telematics, and AI
How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.
Read More →
Why Fleet Data Matters More Than Ever at Waste Connections [Watch]
Waste Connections' Chuck Palmer explains how telematics, predictive maintenance, safety analytics, and AI help keep vehicles on the road and drivers safe in this episode of HDT Talks Trucking.
Read More →
NMFTA Launches Free, Anonymous Cybersecurity Threat Report Portal
Organizations are encouraged to anonymously report freight fraud, cargo crime, and cyber threats while gaining visibility into incidents reported across the transportation sector.
Read More →
AI Can Optimize a Fleet. Can It Replace Human Judgment?
Fleets fear falling behind if they don’t adopt AI quickly enough. They also fear what happens if the technology makes the wrong decision.
Read More →
Jamie Hagen Gets Real About Running a Small Fleet in an Uncertain Economy
Small fleet owner Jamie Hagen says new legal risks, volatile fuel prices, and a changing freight market are forcing small carriers to rethink how they operate — and what they can afford.
Read More →Jamie Hagen Gets Real About Freight, Fuel Prices, Safety, and Small-Fleet Survival
Running a small trucking fleet right now isn’t easy, especially right now. And Jamie Hagen doesn’t sugarcoat it.
Read More →Jamie Hagen Gets Real About Freight, Fuel Prices, Safety, and Small-Fleet Survival
Running a small trucking fleet right now isn’t easy, especially right now. And Jamie Hagen doesn’t sugarcoat it.
Read More →
Data Lock‑In or Integration Lock‑Out?
Data fragmentation is costing dealerships, OEMs, fleets, and upfitters millions. Here’s why interoperability may be the fix the trucking industry needs.
Read More →What Trucking Fleets and Brokers Need to Know About This Supreme Court Case
In May, the U.S. Supreme Court ruled that freight brokers can be held liable for damages if a truck they have contracted with is involved in an accident. Listen as this transportation attorney breaks down the ruling and its implications for the trucking industry.
Read More →
