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Economy in Brief
EMU Sinks on New Flash PMI Readings
The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018...
U.S. Financial Accounts See Borrowing Ease with Downswing in Federal Government Needs
Borrowing in U.S. financial markets slowed in Q2 2018...
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (6.4% y/y)...
U.S. Existing Home Sales Hold Steady
The National Association of Realtors reported that sales of existing homes during August were unchanged at 5.340 million (SAAR, -1.5%)....
Philadelphia Fed Factory Conditions Improve; Prices Weaken Again
The Philadelphia Fed that its General Factory Sector Business Conditions Index rose to 22.9 during September...
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 |
