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Economy in Brief
U.S. International Trade Collapses in April; Deficit Widens
Trade deficit widens to $69.7 billion...
U.S. Chicago Business Barometer Weakens Further During May
Chicago PMI fell to lowest level since March 1982...
Euro Area EU Indexes Have Minor Bounce
A slug of economic data hit the tape at the end of month...
Durable Goods Orders Collapsed Further in April
Durable goods orders collapsed 17.2% m/m in April...
U.S. Pending Home Sales Plunge to Record Low
Pending home sales fell 21.8% in April...
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 |
