Preliminary January 2013 Michigan Consumer Sentiment Drops Again
From Econintersect Combined RSS Feed
January 18, 2013 - 10:19am
by Doug Short, Advisor Perspectives/dshort.com
The University of Michigan Consumer Sentiment preliminary number for January came in at 71.3, an unexpected decline from the December final of 72.9, which was also a surprise to the downside. The Briefing.com consensus was for 75.0 and Briefing.com's own forecast was for 76.0.
See the chart below for a long-term perspective on this widely watched index. I've highlighted recessions and included real GDP to help evaluate the correlation between the Michigan Consumer Sentiment Index and the broader economy.
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