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Economy in Brief

U.S. Consumer Sentiment Gains
by Tom Moeller  May 13, 2011

Consumers may be getting used to what is an uncertain economic environment. The mid-May reading of consumer sentiment, from the University of Michigan, rose 3.7% to 72.4. It was the highest figure since March. A reading of 70.0 had been expected. During the last ten years there has been a 60% correlation between the level of sentiment and the three-month change in real consumer spending.

The Reuters/University of Michigan survey data are not seasonally adjusted. The readings are based on telephone interviews with just- over 300 households. Data are in Haver's USECON database. The expectations figure is in Haver's AS1REPNA database.

 

University of Michigan (Q1'66 = 100) Mid
May
Apr Mar May
Y/Y
2010 2009 2008
Consumer Sentiment 72.4 69.8 67.5 -1.6% 71.8 66.3 63.8
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