September’s preliminary consumer sentiment release showed a rise to 70.2, compared to the Bloomberg consensus forecast of 67.5 and a previous reading of 65.7. The less bad is good philosophy seemed to help this month’s preliminary sentiment index, as consumer’s hope declining job losses, what appears to a bottom in the housing market, and improvements […]
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Reuters/University of Michigan Consumer Sentiment
Augusts’ preliminary consumer sentiment index unexpectedly fell this morning with a reading of 63.2, compared to a Bloomberg consensus forecast of 68.5 and a July reading of 66.0. It was anticipated that modest improvements to the employment situation and stock market gains would help lift this index, but this clearly was not the case. At […]
The Reuters/University of Michigan consumer sentiment index dipped for the fist time in five months to 66, compared to a market consensus of 65 for July. At the same time the July expectations index increased to 63.2 versus July’s preliminary reading of 60.9. The drivers behind this month’s declines were derived from weakness in the […]