Michigan Confidence Survey

February 12th, 2016 10:25 am | by John Jansen |

The confidence number slipped a bit in January but the more meaningful metric is the measure of inflation expectations which is now at its lowest level since inception of the survey in 1979 as expectations dropped to 2.4 from 2.7.

If I were still hawking bonds to the unsuspecting I might ask you how many 10 year notes you want me to offer you!

Via a fully paid up subscriber:

* MICHIGAN PRELIMINARY FEB. CONSUMER SENTIMENT AT 90.7 VS 92
* CONSUMER SENTIMENT INDEX DECLINES TO A FOUR-MONTH LOW
* MICHIGAN 5-YEAR INFLATION EXPECTATIONS AT 2.4% AFTER 2.7%
* FIVE-YEAR INFLATION EXPECTATIONS LOWEST IN RECORDS TO 1979

Feb.    Jan.    Dec.    Nov.    Oct.  Sept.    Aug.
Consumer Sentiment        90.7    92.0    92.6    91.3    90.0    87.2    91.9
Current Econ Conditions  105.8  106.4  108.1  104.3  102.3  101.2  105.1
Consumer Expectations      81.0    82.7    82.7    82.9    82.1    78.2    83.4
Median 12M Inflation      2.5%    2.5%    2.6%    2.7%    2.7%    2.8%    2.8%
Median 5-10Yr Inflation    2.4%    2.7%    2.6%    2.6%    2.5%    2.7%    2.7%

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