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Friday, January 14, 2011

Consumer Sentiment declines in January

by Calculated Risk on 1/14/2011 10:09:00 AM

The preliminary Reuters / University of Michigan consumer sentiment index declined to 72.7 in January from 75.2 in December.

Consumer Sentiment Click on graph for larger image in graphics gallery.

This was below the consensus forecast of 75.5.

Sentiment is still at levels usually associated with a recession - and sentiment is well below the pre-recession levels.

In general consumer sentiment is a coincident indicator, and this suggests the recovery is still relatively sluggish.