Recent Updates
- Japan: ** Japan IP forecasts have rebased from 2010=100 to 2015=100. We are currently working on processing the new data.**
- ** New Zealand Jobs Online has changed its reported frequency from monthly to quarterly and rebased from August 2010=100 to Q4 2010=100. **
- Armenia: Commercial Bank Loans by Fields, Commercial Bank Loans and Deposits (Mar)
- Finland: Business Confidence, Consumer Confidence (Apr)
- Australia: PPI, Manufacturing Price, Construction Materials
- more updates...
Economy in Brief
Kansas City Federal Reserve Factory Index Hits Record High
The Kansas City Fed reported that its index of regional manufacturing sector business activity surged to a record 26...
U.S. Initial Unemployment Insurance Claims Decline Sharply
Initial claims for unemployment insurance fell sharply to 209,000 (-17.1% y/y)...
German Confidence Flattens and Falters
German confidence for May is mooted at a 97.8% queue percentile standing...
U.S. Mortgage Loan Applications Are Little Changed; Rates Remain High
The MBA total Mortgage Applications Volume Index eased 0.2% last week (-1.9% y/y)...
Japan Shows Very Moderate Growth As Trade War Clouds Gather
Japan’s sector indexes showed a solid gain in February...
by Tom Moeller January 18, 2013
The University of Michigan's Index of Consumer Sentiment for mid-January deteriorated to 71.3 (-4.9% y/y) from an already depressed and unrevised 72.9 in December. The latest figure fell short of Consensus expectations for improvement to 74.0. 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. Both of the index's major components fell last month. The index measuring sentiment regarding current economic conditions fell to 84.8 (+0.7% y/y) and was down just moderately for the last two months. The consumer expectations index fell to 62.7 (-9.3% y/y), down for the third straight month.
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 can be found in Haver's AS1REPNA database.
Persistent Uncertainty for Economic Policymakers from the Federal Reserve Bank of Cleveland is available here.
University of Michigan (Q1'66 = 100) |
Mid-Jan | Dec | Nov | Jan '12 | 2012 | 2011 | 2010 |
---|---|---|---|---|---|---|---|
Consumer Sentiment | 71.3 | 72.9 | 82.7 | 75.0 | 76.5 | 67.3 | 71.8 |
Current Economic Conditions | 84.8 | 87.0 | 90.6 | 84.2 | 85.6 | 79.1 | 80.9 |
Consumer Expectations | 62.7 | 63.8 | 77.7 | 69.1 | 70.7 | 59.8 | 66.0 |