Recent Updates
- Hong Kong: Movements of Aircraft, Passenger and Freight (Apr)
- US: Mfg & Trade Inventories & Sales (Mar), IP & Capacity Util, Adv Retail Sales (Apr)
- US: NAHB\Wells Fargo Housing Market Index (Mar)
- US: Industrial Production Detail (Apr)
- more updates...
Economy in Brief
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
U.S. Empire State Manufacturing Index Declines in May
The Empire State Manufacturing Index of General Business Conditions dropped thirty-six points...
Surging Imports Send the EMU Trade Scene Deeper into Deficit
The trade balance for the Euro Area fell sharply to 17.5 billion euros in March...
U.S. Import Prices Hold Steady While Export Prices Rise in April
Import prices held steady m/m (+12.0% y/y) in April...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & 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?
"Core" GDP Suggests Economy Gained Momentum in Q1:2022
by Tom Moeller April 27, 2012
The University of Michigan's Index of Consumer Sentiment for all of April improved to 76.4 versus 75.7 at mid-month and 76.2 in March. The figure compared to expectations for 75.7. The reading of current economic conditions rose from mid-month but fell versus March to 82.9, its lowest since December. The consumer expectation figure held constant at 72.3, 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.
| University of
Michigan (Q1'66 = 100) |
Apr | Mid-Apr | Mar | Feb | Apr Y/Y % |
2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|
| Consumer Sentiment | 76.4 | 75.7 | 76.2 | 75.3 | 9.5 | 67.3 | 71.8 | 66.3 |
| Current Economic Conditions | 82.9 | 80.6 | 86.0 | 83.0 | 0.5 | 79.1 | 80.9 | 69.6 |
| Consumer Expectations | 72.3 | 72.5 | 69.8 | 70.3 | 17.4 | 59.8 | 66.0 | 64.1 |
