October Mich Sentiment
Updated 26-Nov-08 10:58 ET
Highlights
Key Factors
Big Picture
- Sentiment readings are a reflection of a variety of events rather than an accurate tool for forecasting consumer spending. Gas prices and political events can have an outsized impact on sentiment. In general, these data are of very little economic value. Sentiment has been low all year despite rising consumer spending. This broken clock will now happen to reflect the correct time. The consumer will be pulling back.
| Category |
Nov |
Oct |
Sep |
Aug |
Jul |
| Sentiment |
55.3 |
57.6 |
70.3 |
63.0 |
61.2 |
| Outlook |
53.9 |
57.0 |
67.2 |
57.9 |
53.5 |
| Present conditions |
57.5 |
58.4 |
75.0 |
71.0 |
73.1 |
