Final December 2013 Michigan Consumer Sentiment Same as Preliminary

by Doug Short, Advisor Perspectives/ The University of Michigan Consumer Sentiment final number for December came in at 82.5. Today’s number is slightly below the forecast of 83.0. Today’s level is 2.6 points below the interim high in July but 9.6 points above the December cliff-dive a year ago, which reflected Fiscal Cliff anxieties.

Third Estimate 3Q2013 GDP Revised Up to 4.1%

Written by Doug Short and Steven Hansen The third estimate of third quarter 2013 Real Gross Domestic Product (GDP) is now a positive 4.1%. The market expected GDP at +3.6% to 3.7%. This data point was 2.8% in the advance GDP estimate, and 3.6% in the second estimate.

November 2013 CPI Inflation Little Change

by Doug Short and Steven Hansen The November 2013 Consumer Price Index (CPI-U) year-over-year inflation rate increased marginally but was constrained by a decline in energy prices.