Friday, July 10, 2009

University of Michigan Consumer Sentiment

by Calculated Risk on 7/10/2009 10:06:00 AM

From MarketWatch: July UMichigan consumer sentiment falls to 64.6

U.S. consumer sentiment fell sharply in early July, according to a survey released Friday by the University of Michigan and Reuters. Sentiment fell to 64.6 from 70.8 in June.
Consumer Sentiment Click on graph for larger image in new window.

Consumer sentiment is a coincident indicator - it tells you what you pretty much already know.

And it tells us right now that consumer sentiment is still very weak.