January Consumer Sentiment Comes In Very Weak


Headline: 72.7

Consensus: A rise of 0.5, to 75.

Analysis: Another bad consumer number this morning.

Preview: The University of Michigan Consumer Sentiment index crushed expectations in December, coming in at 74.2 (expectations at 72.5). With all the weak consumer data this morning (rising costs and lower than expected spending), this number has the chance to surprise to the downside.

Check out Goldman’s Jan Hatzius’ take on the U.S. economy in 2011 >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.