U.S. Consumer Sentiment Highest In Years

From Econoday,

The sell-off in the stock market and rising problems in Europe aren’t rattling the US consumer whose sentiment is clearly stronger than it’s ever been during the recovery. The Reuters/University of Michigan index jumped to 79.3, up nearly 3 points from April and up 1.5 points from the mid-month reading. This last comparison, which puts the index at an implied 80.8 over the past two weeks, indicates that the rise in optimism is now picking up intensity…

The Reuter’s/University of Michigan’s consumer sentiment index in early May was up a solid 1.4 points at mid-month to a preliminary 77.8 versus April’s 76.4. The latest reading edged out February 2011 for the best reading so far of the recovery. The latest report showed a decline in the expectations component, which is now off recovery highs with a six tenth dip to 71.7. Optimism over the future is limited, a factor that limits consumer spending. The good news in the report was a rise in the assessment of current conditions, up a very strong 4.4 points to a recovery best 87.3.

(click here if table is not observable)

This entry was posted in Economics, US Releases and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s