University of Michigan Consumer Sentiment Index Up 1.9 Points

In January, the University of Michigan Consumer Sentiment Index rose1.9 points to 74.4. This was the second consecutive modest improvement. The index has now topped its recent high in September. The increase was driven more by the current conditions component and but the future expectations component also rose. Current conditions rose 3.1 points and the future expectations component improved by 1.2 points.

Inflation expectations moved upward. Looking forward one year, expectations rose to 2.8% from 2.5% in December. The five-year outlook rose to 2.9%, up from 2.7% in December.

1966 = 100	Jan	Dec	Nov	Oct	Sep	Aug
Headline Index	74.4	72.5	67.4	70.6	73.5	65.7
Current Conditions	81.1	78.0	68.8	73.7	73.4	66.6
Future Expectations	70.1	68.9	66.5	68.6	73.5	65.0

10.01.29 (Source: University of Michigan)