US Consumer Sentiment Revised Sharply Down in January


The final University of Michigan's consumer sentiment for the United States came in at 92 in January of 2016, much lower than a preliminary estimate of 93.3 and below 92.6 in December. Both current and future expectations decreased and the 1 year inflation outlook eased.

The barometer of current economic conditions came in at 106.4, compared to a preliminary reading of 105.1 and a final reading of 108.1 in December. The gauge of consumer expectations was recorded at 82.7, lower than 85.7 initially reported, but the same as 82.7 in the previous month.

Americans expect the inflation rate in the next year will be 2.5 percent, higher than a preliminary of 2.4 percent but below 2.6 percent in the previous month. Over the next 5 to 10 years, they expect consumer prices to increase 2.7 percent, unchanged from the preliminary estimate but higher than 2.6 percent in December.

US Consumer Sentiment Revised Sharply Down in January


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
1/29/2016 3:17:22 PM