2010 Economic Calendar
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Consumer Sentiment  
Released On 3/12/2010 9:55:00 AM For Mar(p), 2010
PriorConsensusConsensus RangeActual
Sentiment Index - Level73.6 74.0 72.0  to 75.0 72.5 

Consumer spending may be warming up but spirits, a reflection of the jobs market, are definitely chilled. Reuters/University of Michigan consumer sentiment index slipped back in the mid-March reading to 72.5 vs. February's 73.6. Both current conditions and expectations are down with expectations showing particular weakness. Expectations are the leading component and are pointing to extended weakness ahead. Inflation expectations are subdued at 2.8 percent one-year out. The stock market came down from opening highs in reaction to the report.

Consensus Outlook
The Reuter's/University of Michigan's Consumer sentiment index edged lower in February, extending the recent recession's run of very weak readings. Reuters/University of Michigan's consumer sentiment index for the full month of February slipped to 73.6 from 73.7 at mid month and compared to 74.4 in January. Expectations dipped lower in the latest report while current conditions improved. Most analysts are counting on a little bounce back but higher gasoline prices and a weak labor market likely will keep sentiment low in March.

The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey. Preliminary estimates for a month are released at mid-month. Final estimates for a month are released near the end of the month.  Why Investors Care
Consumer sentiment is mainly affected by inflation and employment conditions. However, consumers are also impacted by current events such as bear & bull markets, geopolitical events such as war and terrorist attacks. Investors monitor consumer sentiment because it tends to have an impact on consumer spending over the long run (although not necessarily on a monthly basis.)

2010 Release Schedule
Released On: 1/151/292/122/263/123/264/164/305/145/286/116/257/167/308/13
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
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