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Final November 2012 Michigan Consumer Sentiment Revised Significantly Down
Wednesday, November 21, 2012 19:22
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by Doug Short, Advisor Perspectives/dshort.com
The University of Michigan Consumer Sentiment final number for November came in at 82.7, a fractional gain from the October final of 82.6 but off the 84.9 of the November preliminary report. Today’s number was below the Briefing.com consensus of 84.5.
In the preliminary update I said it would be particularly interesting to see if the November final confirms the significant uptick at that time. It did not.
See the chart below for a long-term perspective on this widely watched index. I’ve highlighted recessions and included real GDP to help evaluate the correlation between the Michigan Consumer Sentiment Index and the broader economy.
2012-11-21 17:07:58
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