Recent Updates
- Germany: **Wholesale Trade Prices rebased from 2010=100 to 2015=100**
- US: S&P Case Shiller Home Price Indexes (Jul); FHFA House Price Indexes (Jul); Consumer Confidence (Sep)
- US: FRB Philadelphia Nonmfg Business Outlook Survey (Sep); FRB Richmond Mfg & Service Sector Surveys (Sep); Texas Service Sector Outlook Survey (Sep)
- US: Consumer Confidence Detail (Sep)
- Canada Regional: Quebec Economic Accounts (Q2), Quebec GDP by Industry (Jun)
- Spain: International Trade (Jul), PPI (Aug), BOP (Q2)
- more updates...
Economy in Brief
Texas Factory Sector Index Retreats; Expectations Are Mixed
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index fell to 28.1 in September...
German IFO Index Marks Time
The German IFO Institute index has gone sideways in September...
FIBER: Industrial Commodity Prices Weaken
The FIBER Industrial Materials Price Index eased 0.3% during the last four weeks...
EMU Sinks on New Flash PMI Readings
The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018...
U.S. Financial Accounts See Borrowing Ease with Downswing in Federal Government Needs
Borrowing in U.S. financial markets slowed in Q2 2018...
by Tom Moeller October 12, 2007
The University of Michigan's preliminary reading of consumer sentiment in early October fell 1.7% to 82.0 after no change in September and a huge 7.7% drop in August. The decline exceeded Consensus expectations for a reading of 84.0.
Lower consumer expectations accounted for all of the fall. The decline offset a slight improvement in September.
Long term, expectations about personal finances and business conditions during the next year fell for the sixth month this year out of ten. Expectations about business conditions rose slightly but hardly offset huge declines in the prior two months.
The view of the current economic conditions improved due to a slight increase in the view of current personal finances. The perspective of current buying conditions also improved slightly.
The assessment of government policy in October recovered the declines during the prior two months.
The University of Michigan survey is not seasonally adjusted.The reading is based on telephone interviews with about 500 households at month-end.
| University of Michigan | October (Prelim.) | September | October y/y | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|
| Consumer Sentiment | 82.0 | 83.4 | -12.4% | 87.3 | 88.5 | 95.2 |
| Current Conditions | 98.2 | 97.9 | -8.5% | 105.1 | 105.9 | 105.6 |
| Expectations | 71.6 | 74.1 | -15.6% | 75.9 | 77.4 | 88.5 |
