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Economy in Brief

U.S. Consumer Sentiment Slips
by Tom Moeller  January 17, 2014

The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 80.4 in the mid-month January survey from 82.5 during December. That fell short of expectations for an uptick to 83.5. During the last ten years there has been a 58% correlation between the level of sentiment and the three-month change in real personal consumption expenditures.

The index of current economic conditions fell moderately to 95.2 from 98.6. The index of consumer expectations slipped to 70.9 and remained below the October 2011 high.

These data are not seasonally adjusted and can be found in Haver's USECON and UMSCA databases.

Reuters/University of Michigan (Q1'66 = 100) Jan Dec Nov Jan'13 2012 2011 2010
Consumer Sentiment 80.4 82.5 75.1 73.8 76.5 67.3 71.8
 Current Economic Conditions 95.2 98.6 88.0 85.0 85.6 79.1 80.9
 Consumer Expectations 70.9 72.1 66.8 66.6 70.7 59.8 66
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