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Economy in Brief

U.S. Consumer Sentiment Improves Further
by Tom Moeller January 27, 2012

The University of Michigan's Index of Consumer Sentiment for the full month of January was 75.0, up from 74.0 at mid-month and from 69.9 in December. The latest figure was the highest since last February and better than Consensus expectations for 74.0. Consumers' expectations (69.1) rose to the highest level since February. The reading of current conditions (84.2) also was its highest since February. 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)		 Jan Mid
Jan		 Dec Nov Jan Y/Y 2011 2010 2009
Consumer Sentiment 75.0 74.0 69.9 64.1 1.1% 67.4 71.8 66.3
 Current Economic Conditions 84.2 82.6 79.6 77.6 2.9 79.1 80.9 69.6
 Consumer Expectations 69.1 68.4 63.6 55.4 -0.3 59.9 66.0 64.1
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