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Economy in Brief

U.S. Consumer Sentiment Reaches Four Year high
by Tom Moeller  May 11, 2012

The University of Michigan's Index of Consumer Sentiment for mid-May rose to 77.8 from 76.4 in April. The gain was to the highest level since January 2008 and compared to expectations for a slip to 76.0. The reading of current economic conditions led the rise with a rebound to 87.3. The consumer expectations index dipped to 71.7 following a firm April improvement. During the last ten years there has been a 61% 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 over 300 households. Data can be found 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)
Mid-May Apr Mar May
Y/Y %
2011 2010 2009
Consumer Sentiment 77.8 76.4 76.2 4.7 67.3 71.8 66.3
 Current Economic Conditions 87.3 82.9 86.0 6.6 79.1 80.9 69.6
 Consumer Expectations 71.7 72.3 69.8 3.2 59.8 66.0 64.1
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