by Calculated Risk on 8/13/2010 09:59:00 AM
Friday, August 13, 2010
Reuters University of Michigan's Consumer Sentiment increases slightly in August
From Reuters: Consumer Sentiment Edges Up in August, More Than Expected
The slight pickup in sentiment follows a drop in July to the lowest level since November, the data from Thomson Reuters/University of Michigan's Surveys of Consumers showed.
The survey's preliminary August reading on the overall index on consumer sentiments rose to 69.6 from 67.8 in July ...
![Consumer Sentiment](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEir1FlJgFIgZm9IQjBi7kf6os-_SsKj6bVeatxLoOz2VU0h9jar7SX7Y00iSPOliJbR95GweXgrnIeRJ4QU_6JSwo07VSjrmh4wnUkp-rx45if_EWdJF2WVGTv-HMkZ0VVYwb49/s320/ConsumerSentimentAug2010.jpg)
Consumer sentiment is a coincident indicator - and this is further evidence of a sluggish economy.
Interesting - the survey's one-year inflation expectations increased to 2.8% even with very low measured inflation.
This was a big story last month when consumer sentiment collapsed to the lowest level since late 2009. Even with the slight increase, this is still at the levels of late last year.