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University of Michigan Sentiment Above Expectations

by The "State" Team

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Economic Update: University of Michigan’s Consumer Sentiment Index

The final reading for the University of Michigan’s Consumer Sentiment Index for January was reported at 75.0, which was above the consensus for a reading of 74.2 and above the initial read of 74.0.

Note that there are two reports for the Confidence Index each month: Preliminary and Final.

Last 12 months for comparison purposes:

  • December: 69.9
  • November: 64.1
  • October: 60.9
  • September: 59.4
  • August: 55.7
  • July: 63.7
  • June: 71.8
  • May: 74.3
  • April: 69.8
  • March: 67.5
  • February: 77.5

The Current Conditions component was reported at 84.2, which was above the preliminary reading of 82.6 and December’s 79.6 (November: 77.6).

Finally, the twelve month Economic Outlook came in at 69.1, which was above the preliminary 68.4 and December’s 63.6 and (Nov: 55.4).

 

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