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Economy in Brief

U.S. Consumer Sentiment Continues To Improve
by Tom Moeller December 22, 2011

The University of Michigan's Index of Consumer Sentiment for December rose to 69.9 from 67.7 at mid-month and from 64.1 in November. The latest number was better than Consensus expectations for 68.0 and it was the fourth consecutive monthly rise. Consumers' reading of current economic conditions as well as expectations each improved for the fourth consecutive period. During the last ten years there has been a 59% 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)
Dec Mid-Dec Nov Oct Dec Y/Y 2011 2010 2009
Consumer Sentiment 69.9 67.7 64.1 60.9 -6.2% 67.4 71.8 66.3
 Current Economic Conditions 79.6 77.9 77.6 75.1 -6.7 79.1 80.9 69.6
 Consumer Expectations 63.6 61.1 55.4 51.8 -5.8 59.9 66.0 64.1
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