Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan’s Index of Consumer Sentiment improved modestly in August, rising from an index value of 67.8 in July to 69.6, according to the preliminary report. However, sentiment is still well below its level of 76.0 in June, and it is roughly consistent with its levels during the second half of 2009. While both the current conditions and consumer expectations components improved in August, the expectations component—at 64.1—remains relatively weak. One-year-ahead average inflation expectations ticked up 0.1 percentage point to 3.4 percent, while longer-term (5–10 year-ahead) expectations nudged down from 3.4 percent to 3.3 percent.