Global Economic News and Analysis
by Steven Hansen & Doug Short The Consumer Price Index (CPI-U) annual inflation rate was unchanged in July 2011 at 3.6%, with month-over-month inflation rising 0.5%. Year-over-year inflation has remained at 3.6% for the last three months. First, the rise in the CPI from last month is from the usual suspects – food and oil. …
Continue reading “Consumer Price Index Unchanged at 3.6% in July 2011”
by Doug Short, cross posted from Advisor Perspectives.com/dshort The University of Michigan Consumer Sentiment Index preliminary report for August came in at 54.9, a stunning decline from the July final number of 63.7. The Briefing.com consensus expectation had been for 62.5 and Briefing.com’s own forecast was for 62.0. The August preliminary number is the third …
Continue reading “August 2011 Michigan Consumer Sentiment Survey Crashes”
The University of Michigan Consumer Sentiment Index final report for July came in at 63.7, a drop from the 71.5 June final number but only 0.1 below the July preliminary reading of 63.8. The Briefing.com consensus expectation had been for 63.8 and Briefing.com’s own forecast was for an even more depressing 62.5. The July final is the lowest since March 2009.