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Economy in Brief

U.S. Consumer Sentiment Retrenches
by Tom Moeller  June 15, 2012

The University of Michigan's Index of Consumer Sentiment for mid-June slumped to 74.1 from 79.3 in May. The latest figure was the lowest since December and compared to expectations for 77.5. The reading of consumer expectations fell the most to 68.9 after two months of strong gain. The current conditions index reversed the prior month's increase with a fall to 82.1 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.

Who Is the Most Unemployed? Factors Affecting Joblessness from the Federal Reserve Bank of Atlanta can be found here.

University of Michigan
(Q1'66 = 100)
Mid-Jun May Apr Jun'11 2011 2010 2009
Consumer Sentiment 74.1 79.3 76.4 71.5 67.3 71.8 66.3
 Current Economic Conditions 82.1 87.2 82.9 82.0 79.1 80.9 69.6
 Consumer Expectations 68.9 74.3 72.3 64.7 59.8 66.0 64.1
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