Details of the September 2015 US Michigan consumer sentiment flash survey report 11 September 2015
- Prior 91.9
- Current conditions 100.3 vs 103.6 exp. Prior 105.1
- Expectations 76.4 vs 82.8 exp. Prior 83.4
- 1yr inflation expectations 2.9% vs 2.8% prior
- 5yr 2.8% vs 2.7% prior
Looks like I got my wish as the headline falls to the lowest since Sep 2014. Current conditions to the lowest since Oct 2014
The only bright spot was the tick up in inflation expectations
From the survey's chief economist, Richard Curtin;
"The decline in optimism narrowed in early September from late August as consumers grew somewhat more confident that the underlying strength in the domestic economy would insure a continued expansion. The twin strengths of higher employment and lower prices softened the impact from the losses in household wealth. To be sure, consumers still anticipate a weaker domestic economy due to the global slowdown and are less optimistic about future growth in jobs and wages than they were a few months ago. While the current strength in consumer spending is still likely to persist in the year ahead, the more lasting impact of recent events may be a heightened attentiveness by consumers to potential negative developments. Without this recent shift in focus, consumers would have been more likely to view the Fed's interest rate hike as confirming their prevailing optimism, but with the shift, it could be taken as a signal for a slower pace of future economic growth."
US Michigan consumer sentiment survey
