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Economy in Brief
U.S. Mortgage Applications Continue to Weaken
The MBA Loan Applications Index fell 1.2% (-54.5% y/y) in the week ended May 20...
German Climate Reading Continues to Skid Toward the Abyss
Germany's GfK consumer climate reading improved ever so slightly in June...
U.S. New Home Sales Plunge in April as Prices Jump
The new home sales market is unraveling...
U.S. Energy Prices Rise Further
Retail gasoline prices increased to $4.59 per gallon in the week ended May 23...
S&P Flash PMIs Are Mixed in May As Manufacturing Erodes Slowly
Among the early reporting countries in Europe and Japan, the S&P PMI readings for May tilt toward weakness...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
State Coincident Indexes in April 2022
State Labor Markets in April 2022
Profits & Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
by Tom Moeller February 24, 2012
The University of Michigan's Index of Consumer Sentiment rose in February to 75.3 and was improved from the mid-month reading of 72.5. The figure beat expectations for 72.8 and sentiment stands at its highest level in twelve months. The consumer expectations reading recovered all of its mid-month decline with a rise to its highest in a year. Consumers' reading of current conditions recovered to 83.0 after a sharp mid-month decline. During the last ten years there has been a 60% correlation between the level of sentiment and the three-month change in real personal consumption expenditures.
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) |
February | Mid Feb |
Jan | Dec | Feb Y/Y | 2011 | 2010 | 2009 |
---|---|---|---|---|---|---|---|---|
Consumer Sentiment | 75.3 | 72.5 | 75.0 | 69.9 | -2.8% | 67.3 | 71.8 | 66.3 |
Current Economic Conditions | 83.0 | 79.6 | 84.2 | 79.6 | -4.5 | 79.1 | 80.9 | 69.6 |
Consumer Expectations | 70.3 | 68.0 | 69.1 | 63.6 | -1.8 | 59.8 | 66.0 | 64.1 |