Recent Updates
- Canada: MSIO, Investment in Building Construction (Nov)
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Economy in Brief
U.S. Housing Starts Surge to 13-Year High
Fueled by low interest rates and a strong job market, new home building strengthened during December...
U.S. Industrial Production Lower on Utilities
Industrial production declined 0.3% in December on a weather-driven drop in utility output...
U.S. JOLTS: Job Openings Decline as Hiring Turns Tepid
U.S. JOLTS: Job Openings Decline as Hiring Turns Tepid...
U.S. Housing Affordability Edged Up in November
The NAR U.S. Fixed Rate Mortgage Housing Affordability Index edged up 0.3% m/m (13.9% y/y) to 163.8 in November ...
Euro Area Trade Surplus Shrinks
The EMU current account surplus fell to 33.94 billion euros in November...
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 |
