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Consumer Sentiment
Released On 11/25/2009 9:55:00 AM For November, 2009
PriorConsensusConsensus RangeActual
Sentiment Index - Level66.0 67.0 66.0  to 69.0 67.4 

Highlights
Layoffs may be easing but consumer spirits remain depressed in what may be a decisive negative for holiday retail sales. Reuters/University of Michigan's consumer sentiment index came in at 67.4 for November, up slightly from mid-month but down from 70.6 in October. Inflation expectations are benign showing 1 tenth downticks in both the 1- and 5-year outlooks.

Recent History Of This Indicator
The Reuter's/University of Michigan's Consumer sentiment index for early November fell back a very steep 4.6 points to a very weak 66.0. Weakness was split between current conditions and the outlook. The retreat in confidence was tied to the still contracting jobs market.

Definition
The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey. Preliminary estimates for a month are released at mid-month. Final estimates for a month are released near the end of the month.  Why Investors Care
 
[Chart]
Consumer sentiment is mainly affected by inflation and employment conditions. However, consumers are also impacted by current events such as bear & bull markets, geopolitical events such as war and terrorist attacks. Investors monitor consumer sentiment because it tends to have an impact on consumer spending over the long run (although not necessarily on a monthly basis.)
 

 

2009 Release Schedule
Released On: 1/161/302/132/273/133/274/175/15/155/296/126/267/107/248/14
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/289/119/2510/1610/3011/1311/2512/1112/23
Release For: AugSepSepOctOctNovNovDecDec
 


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