posted on 13 November 2015
by Doug Short, Advisor Perspectives/dshort.com
[note that this post was authored by Steven Hansen]. The preliminary University of Michigan Final Consumer Sentiment for November came in at 93.1, an increase from the 90.0 final October reading. Bloomberg had forecast 92.0.
Surveys of Consumers chief economist, Richard Curtin makes the following comments:
Preliminary Results for November 2015
Next data release: Wed, November 25, 2015 for Final November data at 10am ET
Caveats on the Use of University of Michigan Consumer Sentiment
This is a survey, a quantification of opinion rather than facts and data. The question - does sentiment lead or truly correlate to any economic activity? Since 1990, there seems to be a loose general correlation to real household income growth.
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