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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 March 30, 2012
The University of Michigan's Index of Consumer Sentiment for March increased to 76.2 from 75.3 in February. The figure compared to expectations for a slight dip to 75.0. An improved reading of current economic conditions led the gain in last month's sentiment that was offset by a decline in consumer expectations. 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) |
Mar | Mid Mar |
Feb | Jan | Mar Y/Y |
2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|
| Consumer Sentiment | 76.2 | 74.3 | 75.3 | 75.0 | 12.9% | 67.3 | 71.8 | 66.3 |
| Current Economic Conditions | 86.0 | 84.2 | 83.0 | 84.2 | 4.2 | 79.1 | 80.9 | 69.6 |
| Consumer Expectations | 69.8 | 68.0 | 70.3 | 69.1 | 20.6 | 59.8 | 66.0 | 64.1 |
