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Economy in Brief

U.S. Consumer Sentiment Declines
by Tom Moeller  January 31, 2014

The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 81.2 in the January survey from 82.5 during December. The reading at mid-month was 80.4. The full month figure roughly matched expectations for 81.0. During the last ten years there has been a 67% 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 96.8 from 98.6. The index of consumer expectations slipped to 71.2 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 2013 2012 2011
Consumer Sentiment 81.2 82.5 75.1 73.8 79.2 76.5 67.3
 Current Economic Conditions 96.8 98.6 88.0 85.0 92.4 85.6 79.1
 Consumer Expectations 71.2 72.1 66.8 66.6 70.7 70.7 59.8
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