Consumer Sentiment: Revised Modestly Higher
December 23, 2015
Consumer Sentiment was REVISED UP by 0.8 points in late December to 92.6%, compared with market expectations for a smaller increase to 92.0%. Sentiment has improved by 5.4 points over the past 3 months. Despite this month's slight increase, compared to November's final level of 91.3%, sentiment is still 1.1% BELOW its year ago level. Sentiment has been rising since August 2011 amid substantial volatility. Current Conditions were REVISED UP by 1.1 points to 108.1% and are now 3.1% ABOVE their year ago level. Current conditions have been climbing for the past 4 years. Consumer Expectations were REVISED UP by 0.7 points to 82.7%. Expectations have been climbing slowly amid substantial volatility over the past 4 years. With this month's slight decline, compared to November's final level of 82.9%, expectations are now 4.3% BELOW their year ago level. Bottom Line: Consumer sentiment was revised upward in late December and it is now slightly above November's final level of 91.3%. Overall sentiment has been slowly climbing for the past 5 years but the pace of increase has slowed recently.
Article by contingentmacro