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Economy in Brief

U.S. Consumer Sentiment Recovers A Bit Further
by Tom Moeller  October 28, 2011

The University of Michigan's Index of Consumer Sentiment for all of October increased to 60.9. That's versus its mid-October reading of 57.5 and 59.4 for September. Consumers' expectations reading rose to its highest since July but the reading of current conditions edged up minimally. 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) Oct Sep Aug Oct Y/Y 2010 2009 2008
Consumer Sentiment 60.9 59.4 55.7 -10.0% 71.8 66.3 63.8
 Current Economic Conditions 75.1 74.9 68.7 -2.0 80.9 69.6 73.7
 Consumer Expectations 51.8 49.4 47.4 -16.3 66.0 64.1 57.3
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