Recent Updates

  • Ireland: Harmonized Competitiveness Indicators (Q2, Sep)
  • US: New Residential Construction (Sep)
  • Germany Regional: Tourism by State, Mecklenburg-West Pomerania Retail Trade (Aug), Thuringia State CPI (Sep)
  • Germany: PPI (Sep), Tourism Statistics (Aug)
  • more updates...

Economy in Brief

U.S. Consumer Sentiment Is Disappointing
by Tom Moeller  June 29, 2012

The University of Michigan's Index of Consumer Sentiment for all of June fell to 73.2 compared to 74.1 at mid-month and 79.3 in May. The latest figure was the lowest since December and compared unfavorably to expectations for 74.4. Consumer expectations fell the most to 67.8 following several months of strong gain. The current conditions index reversed the prior month's increase with a fall to 81.5. 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.

Consumer Deleveraging May Be Over from the Federal Reserve Bank of Cleveland can be found here.

University of Michigan
(Q1'66 = 100)
Jun May Apr Jun'11 2011 2010 2009
Consumer Sentiment 73.2 79.3 76.4 71.5 67.3 71.8 66.3
 Current Economic Conditions 81.5 87.2 82.9 82.0 79.1 80.9 69.6
 Consumer Expectations 67.8 74.3 72.3 64.7 59.8 66.0 64.1
large image