Data Updates

Data Updates

Keeping you up to date on the latest data releases.

August 2014

  • 09.14.2012
  • Consumer Sentiment
  • The University of Michigan’s Index of Consumer Sentiment jumped up from an index level of 74.3 in August to 79.2 in early September, nearly matching its recent high of 79.3 in May. All of the bounce in overall sentiment came from a sharp spike up in respondents’ expectations—from 65.1 to 73.4. The current conditions component edged 0.4 points lower to 88.3. The release noted that the dramatic spike in expectations likely reflected optimism flowing from the recent conventions, which is likely to be temporary. Inflation expectations were unrevised during the August revision, but up sharply from June. Median short-run (one-year ahead) inflation expectations edged down a tenth of a percentage point to 3.5 percent in September, and are still likely reflecting the recent jump in gasoline prices. Respondents don’t appear to see any lasting effect though, as longer-term (five-years ahead) inflation expectations slipped down from 3.0 percent to 2.8 percent during the month.