News Summary Consumer sentiment in the U.S. has declined to its lowest point in five months, falling to 55 in October. This marks the third consecutive month of decrease as households express concerns over rising unemployment and persistent inflation. While spending shows slight resilience, overall sentiment remains significantly below historical
News Summary The Michigan Retailers Association reports a steady decline in retail sales over the past three months, raising concerns for retailers statewide. While recent figures show challenges, the association remains hopeful for an uptick during the upcoming holiday season. With a key date for holiday shopping set for October
News Summary Michigan’s cannabis market is in crisis, experiencing a notable oversupply and declining sales. Total cannabis sales dropped to $261.1 million in June 2025, with medical marijuana sales plummeting 72% from last year. As major operators exit the market, concerns mount over increased competition and reduced profit margins. The
News Summary Michigan’s marijuana market is experiencing a downturn, with sales dropping by 4.2% statewide in June, following a period of growth since legalization. The average retail price for cannabis flower has plummeted by 70% from 2021 levels, contributing to intensified competition among over 850 businesses. Despite 76 new business
News Summary Consumer sentiment in the U.S. rose by 1.8% in July 2023, reaching its highest level since February. The improvement indicates a more positive outlook on the economy, driven by decreasing inflation expectations and resilient retail spending. However, concerns about inflation persist as consumers remain cautious. Overall, the findings
News Summary Initial unemployment claims in Michigan have surged to 6,748, marking a troubling trend amidst a decline nationwide. This increase follows a significant spike in early May and is influenced by notable layoffs in sectors like manufacturing and food services. Even as the national claims decrease, Michigan’s unemployment rate
News Summary Recent data from the University of Michigan highlights a dramatic decline in consumer sentiment, reaching historic lows despite a small recovery in June. The Michigan Index of Consumer Sentiment saw a 29% drop in early 2025, with a slight bounce to 60.5 in June. Despite this uptick, consumer
News Summary Consumer sentiment in the U.S. has dropped by 2.7% in May, marking the fifth consecutive month of decline and the lowest level since July 2022. This decline, nearing 30% since January, is attributed to rising concerns over inflation and economic stability, exacerbated by ongoing trade tensions. While retail
News Summary Gas prices in Michigan have skyrocketed to record highs in 2025, peaking at $3.28 per gallon for regular unleaded gasoline. Although currently averaging $3.23, this marks a 21 cent increase from last month. Comparatively, prices are 32 cents lower than last year. Factors like refinery maintenance and seasonal
News Summary Consumer sentiment in the U.S. has taken a significant hit, with Detroit reporting a 11.9% decrease in the consumer sentiment index for March. The index fell to 57.0, marking a continued decline amid growing concerns over inflation and economic policies. Consumers are anxious about rising inflation rates, which
