Home
http://mam.econoday.com/byshoweventfull.asp?fid=467203&cust=mam&year=2015&lid=0&prev=/byweek.asp#top
Consumer sentiment is moving sharply higher this month, to 93.1 for the mid-month flash in the highest reading since July. Expectations are especially showing life, up 3.5 points to 85.6 which is the best since June. Strength in expectations points to confidence in the outlook for the jobs market and, to a lesser degree, for the stock market as well. The assessment of current conditions is also higher, at 104.8 for a 2.5 point gain and pointing to strength in the current jobs market.
Inflation expectations are moving lower, at least for the 1-year outlook which is down a steep 2 tenths to 2.5 percent. This reading is a reminder of how weak inflation reports are coming in, including today's data on producer prices. But longer term expectations are stable, unchanged and also at 2.5 percent for the 5-year outlook.
Rising confidence hints perhaps at a pick up for retail sales in the key month of November, a back-loaded month that kicks off the holidays after Thanksgiving.