Friday, June 11, 2010

University of Michigan Consumer Sentiment Index Up 1.9 Points

In June, the University of Michigan Consumer Sentiment Index rose 1.9 points to 75.5. This move edges the confidence level slightly above where it has been trending since February. Despite the improvement, this level is still quite depressed based on historical standard, though off its cyclical low of the last years. The improvement in May was evenly due to both of the major components of the index. Both the future expectations component rose and the current conditions component rose 1.9 points.

Inflationary expectations fell back to their recent trend after jumping up temporarily in May. The one-year outlook fell to 2.7% from 3.1% in May. The five-year outlook fell to 2.8% from 2.9%.

Source: University of Michigan

No comments:

Post a Comment

Please read our comment policy before making a comment.