Consumer Sentiment | |||||||||||||
| |||||||||||||
Highlights
A slow start so far this year is the signal from consumer sentiment which is down 2.1 points to 80.4 for the mid-January reading. The current conditions component, which offers an indication on December-to-January activity, is down 3.4 points to 95.2. This suggests that consumer spending, which was solid in December based on retail sales, may not be adding to December's gain. The expectations component of the report is also down, 1.2 points lower to 70.9. This reading has been flat for nearly two years, often hovering in the high 60s area and unable approach 80 which is a level consistent with strong economic growth. Gas prices are tame and so are 1-year inflation expectations which are unchanged at 3.0 percent. Expectations for inflation 5 years out are at 2.9 percent, right in trend. The heavy weather that has hit much of the country so far this year may be behind the dip in this report, or it may be an effect from the weak jobs report early in the month. The Dow is little changed following today's report. | |||||||||||||
Market Consensus before announcement
The Reuter's/University of Michigan's consumer sentiment index was unchanged at 82.5 for final December versus mid-month. But it was the comparison with final November's 75.1 that pointed to an especially good month for consumer spending in December. And there was also some momentum in the comparison between early December and later December, and it was in the current conditions component which rose to 98.6 from 97.9 earlier in the month and from 88.0 in final November. The latest was the best reading since July. Weakness in the latest report came in the less immediate component of expectations, which slipped 6 tenths from mid-month to 72.1. But decidedly favorable was the comparison with November's 66.8. |
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Friday, 17 January 2014
U.S. Consumer Sentiment falls to 80.4 in January
Popular Posts
-
China National Cereals, Oils and Foodstuffs Corp--the country’s largest food trader, has acquired a 51 percent stake in the Dutch trading ...
-
The Chinese People's Liberation Army (PLA) Navy has started a combat drill in the open sea of the West Pacific Ocean, according to th...
-
Government Bonds Price Yield ...
-
According to a report from the Wall Street Journal, "The Communist Party’s reform blueprint had something for everyone – even f...
-
Government Bonds Quotes Price Yield ...
-
The WSJ reports, "Alibaba said Thursday it bought a 50% stake in China's Guangzhou Evergrande soccer team for 1.2 billion...
-
The Conference Board said its consumer confidence index in May rose to 83 -- matching the MarketWatch-compiled economist consensus -- fr...
-
Japan's core machinery orders fell more than expected and a central banker warned of headwinds from soft overseas growth, underscoring...
-
China's retail sales grew 11.9 percent year on year to 1.97 trillion yuan (322.97 billion U.S. dollars) in April, the National Bureau...
-
Chinese Premier Li Keqiang, in a telephone hook-up Thursday, told new Indian Prime Minister Narendra Modi that China was willing to enhanc...