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Economy in Brief

U.S. Consumer Sentiment Slips
by Tom Moeller  October 14, 2011

The University of Michigan's Index of Consumer Sentiment for mid-October fell to 57.5 from an unrevised 59.4 inn September. The figure was weaker than Consensus expectations for 60.0. Consumers' reading of current economic conditions as well as expectations both fell slightly this month. During the last ten years there has been a 62% correlation between the level of sentiment and the three-month change in real personal consumption.

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-Oct Sep Aug Oct
2010 2009 2008
Consumer Sentiment 57.5 59.4 55.7 -15.1% 71.8 66.3 63.8
 Current Economic Conditions 73.8 74.9 68.7 -3.7 80.9 69.6 73.7
 Consumer Expectations 47.0 49.4 47.4 -24.1 66.0 64.1 57.3
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