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Economy in Brief
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
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 |
