Details of the September 2015 US consumer confidence report 29 September 2015

  • Prior 101.5
  • Current conditions 121.1 vs 115.1 prior. Revised to 115.8
  • Expectations 91.0 vs 92.5 prior. Revised to 91.6
  • Jobs hard to get 24.3 vs 21.9 prior. Revised to 21.7
  • 1 year inflation expectations 5.2% vs 4.9% prior

Not only beat the lower expectations but rose against last month, and back to near the early 2015 high. Much like the European economic sentiment index, it looks like China worries have been washed out already

USDJPY jumped back to 119.96 but has settled down at 119.86

Looking through the details, the percentage of people who thought incomes would rise over the next six months rose to 19.1 from 16.2 in Aug. A fall in incomes was seen at 10.1 vs 9.8 prior. More people plan to buy a car (12.7 vs 10.8) and a new one at that

The housing indicators picked up too (6.3 vs 4.4 prior. The highest this year). New buys in the next 6m were 1.5 vs 0.7, buying existing homes 3.3 vs 2.6 prior

Overall a more positive looking US consumer

US consumer confidence