Recent Updates
- France: INSEE Monthly Household Survey (May)
- Japan: Kansai Airports Statistics (Apr)
- Germany: GfK Consumer Climate Survey (May)
- Euro area: ACEA Commercial Vehicle Registrations (Apr)
- Lithuania: Job Vacancies (Q1)
- more updates...
Economy in Brief
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...
NABE Lowers Growth Expectations for Next Year & 2022
The NABE expects the economic expansion to continue through its third year...
Chicago Fed National Activity Index Improves in April
The Chicago Fed National Activity Index (CFNAI) rose to 0.47 during April...
IFO Registers Small Rebound on the Month
Germany's IFO index has rebounded on the month...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Tom Moeller April 13, 2012
The University of Michigan's Index of Consumer Sentiment for mid-April slipped to 75.7 from 76.2 in March. The figure compared to expectations for a rise to 77.0. The reading of current economic conditions fell to 80.6 which was its lowest since December. The consumer expectation figure rose to 72.5, its highest since September 2009. 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 from Action Economics and is found in Haver's AS1REPNA database.
The Fed's latest Beige Book covering regional economic conditions is available here.
| University of
Michigan (Q1'66 = 100) |
Mid-Apr | Mar | Feb | Apr Y/Y % |
2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|
| Consumer Sentiment | 75.7 | 76.2 | 75.3 | 8.5 | 67.3 | 71.8 | 66.3 |
| Current Economic Conditions | 80.6 | 86.0 | 83.0 | -2.3 | 79.1 | 80.9 | 69.6 |
| Consumer Expectations | 72.5 | 69.8 | 70.3 | 17.7 | 59.8 | 66.0 | 64.1 |
