University Of Michigan Sentiment Weak

Sign Up to Receive an Email Alert when Flash Headlines are Published

 

Economic Update: University of Michigan’s Consumer Sentiment Index

The final reading for the University of Michigan’s Consumer Sentiment Index for June was reported at 73.2, which was below the consensus for 74.0 and last month’s reading of 79.3. According to CNBC, this is the lowest reading of the year.

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

Last 12 months for comparison purposes:

• May: 79.3
  
• April: 76.4
  
• March: 76.2
  
• February: 75.3
  
• January: 75.0
  
• December: 69.9
  
• November: 64.1
  
• October: 60.9
  
• September: 59.4
  
• August: 55.7
  
• July: 63.7
  
• June: 71.8

The Current Conditions component was reported at 81.5, which was below the preliminary 82.1 and May’s reading of 87.2.

Finally, the twelve month Economic Outlook came in at 67.8, below the initial read of 68.9 and May’s reading 74.3 (April: 75.7, Mar: 69.8, Feb: 70.3, Jan; 69.1, Dec: 63.6, Nov: 55.4).

How does this report affect our short-term trading strategy? Take a Free Trial of the All-NEW Daily Decision (the new “adaptive” system is now more active and more sensitive to trend changes) to find out. Even if you've taken a free trial of the Daily Decision in the past, you owe it to yourself to check out the new system.

To learn more about our NEW “Adaptive” Daily Decision System (a 100% rules-based system designed to guide your market moves) Download our Special Report on the New "Adaptive" Daily Decision System

Other stories on the US Economy to review:

• Chicago PMI Headline Better, But New Orders Sag
  
• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Flash PMI in US Shows Manufacturing Growth Slowing
  
• Housing Starts Down But Permits Up Strong
  
• Industrial Production and Capacity Utilization Below Expectations
  
• Empire Manufacturing Disappoints in June
  
• CPI Declines in May
  
• Business Inventories Above Expectations in April
  
• Retail Sales Fall Across Board in May
  
• PPI Shows Inflation Fell at Producer Level in May
  
• NFIB Small Business Optimism Pulls Back
  
• ISM Non-Manufacturing Index Above Expectations
  
• Some Good News: Employment Trend Index Moves Up
  
• May Jobs Report Disappoints Big Time
  
• ISM Report Shows Growth Slowing

 

Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.