University of Michigan Sentiment Below Expectations
February 10, 2012Sign Up to Receive an Email Alert when Flash Headlines are Published
Economic Update: University of Michigan’s Consumer Sentiment Index
The preliminary reading for the University of Michigan’s Consumer Sentiment Index for February was reported at 72.5, which was below the consensus for a reading of 74.6.
Note that there are two reports for the Confidence Index each month: Preliminary and Final.
Last 12 months for comparison purposes:
- January: 75.0
- 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 79.6, which was below the January reading of 84.2 (Dec: 79.6, Nov: 77.6).
Finally, the twelve month Economic Outlook came in at 68.0, which was below the January’s 69.1 (Dec: 63.6, Nov: 55.4).
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