- Prior 72.0
- Conditions 88.0 vs 89.0 exp. Prior 87.2
- Expectations 66.8 vs 66.2 exp. Prior 62.3
- 1 year inflation exp 2.9% vs 3.1% prior
- 5 year 2.9% vs 2.9% prior
- 12 month economic outlook 79.0 vs 72.0 prior
The Michigan survey shows a different picture to yesterdays conference board consumer confidence which fell. Dollar loves it either way so don’t fight it. USD/JPY now up to 102.18
US Michigan consumer sentiment 27 11 2013
The problem with these sentiment surveys is that the “consumer” is not putting his hand in his pocket whether he/she feels good or bad. Until the cash registers start ringing with positive consumer feeling it’s going to remain a big weak part of the economy.
