Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan’s Index of Consumer Sentiment preliminary December level fell 8.2 percentage points from its November five year high of 82.7 to 74.5. Current economic conditions saw a smaller decrease of 0.8 points from 90.7 to 89.9, although this is still a post-recession high excluding November. The expectations component saw the largest decline of 13 points from 77.6 to 64.6, reaching a new one year low. One-year-ahead inflation expectations increased 0.2 percent from 3.1 percent to 3.3 percent, and consumer&rsquoo;s expectations of long term inflation over the next five years increased 0.1 percent to 2.9 percent. Long-term inflation expectations have remained within the 2.7 to 3.0 percent range throughout the past few years.