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Economy in Brief

U.S. Consumer Sentiment Slips
by Tom Moeller February 10, 2012

The University of Michigan's Index of Consumer Sentiment for mid-February eased to 72.5. While the decline reversed half of January's increase, the latest was very-much improved versus six months ago. Consensus expectations were for 74.0. Consumers' reading of current conditions fell to 79.6 and reversed all of its January gain. The expectations reading fell to 68.0. 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)
Mid-Feb Jan Dec Feb Y/Y 2011 2010 2009
Consumer Sentiment 72.5 75.0 69.9 6.5% 67.3 71.8 66.3
 Current Economic Conditions 79.6 84.2 79.6 -8.4 79.1 80.9 69.6
 Consumer Expectations 68.0 69.1 63.6 -5.0 59.8 66.0 64.1
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