Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan’s Index of Consumer Sentiment was revised up slightly to 81.2 from January’s initial reading of 80.4. The end result was a 1.3 point decline in the index from December to January. The improvement from the January preliminary report was the result of slight upward revisions to both the current conditions and the consumer expectations components. The current conditions component was revised up from 95.2 to 96.8, which marks a 1.8 point decline from December. Meanwhile, the consumer expectations component was revised up from 70.9 to 71.2, a drop of 0.9 point from the previous month. Median short-run (one-year ahead) inflation expectations were revised up slightly to 3.1 percent from 3.0 percent earlier in the month, while longer-term (five-years ahead) inflation expectations remained at 2.9 percent.