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- Philippines: Loans Oustanding of Philippine Banking System (Oct)
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Economy in Brief
German Trade Data Tell a Tale of Two Germanys
Germany's October trade report is better than expected...
U.S. Nonfarm Payroll Growth Rebounds; Wages Firm & Jobless Rate Eases
The labor market firmed during November...
U.S. Consumer Credit Usage Accelerates
Consumer Credit Outstanding increased $18.90 billion (4.8% y/y during October...
U.S. Wholesale Inventories Edge Up While Sales Slump
Wholesale inventories edged up 0.1% m/m (+3.8% y/y) in October...
U.S. Trade Deficit Shrinks as Imports Fall Sharply
The U.S. trade deficit in goods and services declined to $47.20 billion during October...
by Tom Moeller September 17, 2004
The University of Michigan’s consumer sentiment index for mid-September was little changed from August at 95.8 but it was below Consensus expectations for 96.5.
During the last ten years there has been a 75% correlation between the level of consumer sentiment and the y/y change in real PCE.
The expectations sub-index improved slightly to 89.4 but the index of current economic conditions eased to 105.8.
The University of Michigan survey is not seasonally adjusted.The mid-month survey is based on telephone interviews with 250 households nationwide on personal finances and business and buying conditions. The survey is expanded to a total of 500 interviews at month end.
| University of Michigan | Mid-Sept | Aug | Y/Y | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|
| Consumer Sentiment | 95.8 | 95.9 | 9.2% | 87.6 | 89.6 | 89.2 |
| Current Conditions | 105.8 | 107.9 | 7.5% | 97.2 | 97.5 | 100.1 |
| Consumer Expectations | 89.4 | 88.2 | 10.6% | 81.4 | 84.6 | 82.3 |
