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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 September was reported at 78.3, which was below the preliminary reading of 79.2 but above last month’s reading of 74.3.

The September reading was the second highest seen over the last 12 months.

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

Last 12 months for comparison purposes:

• August: 74.3
  
• July: 72.3
  
• June: 73.2
  
• 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

The Current Conditions component was reported at 87.7, which was below the August reading of 88.7 (July: 82.7, June: 81.5, May: 87.2).

Finally, the twelve month Economic Outlook came in at 73.5, which was well above the August’s reading of 65.1 (July: 65.6, June: 67.8).

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Other stories on the US Economy to review:

• Chicago PMI Dives Below 50 in September
  
• Personal Income and Spending a Mixed Bag in August
  
• Pending Home Sales Point To a Potential Problem
  
• GDP Growth Rate Revised Down Significantly in Q2
  
• Durable Goods Orders Plunged in August
  
• New Home Sales Steady in August
  
• Richmond Fed Index Surprises to the Upside
  
• Consumer Confidence Surges Higher in September
  
• Case-Shiller Home Price Index Improves for 3rd Straight Month
  
• Philly Fed Index Improves in Sept, But Weakness Persists
  
• LEI Dips in August
  
• Exsiting Home Sales Improve in August
  
• Housing Starts Up in August, Permits Lower
  
• Homebuilder Confidence Up Again in Sept
  
• UofM Sentiment Surprises to Upside
  
• Industrial Production, Capacity Utilization Decline in August
  
• Retail Sales Improve In August
  
• CPI - Inflation In Line With Consensus
  
• PPI Hotter Than Expected in August
  
• Jobs Report Disappoints in August
  
• ADP Employment Surprises to the Upside Again in August
  
• Challenger Planned Job Cuts Hit 20-Month Low
  
• U.S. Productivity Improves, Labor Costs Steady
  
• Big Miss: Construction Spending Dives
  
• ISM Manufacturing Remains Weak in August

 

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