2011 Economic Calendar
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Consumer Sentiment  
Released On 7/15/2011 9:55:00 AM For Jul(p), 2011
PriorConsensusConsensus RangeActual
Sentiment Index - Level71.5 71.0 68.0  to 73.0 63.8 

Consumer spirits have weakened sharply from already low levels so far this month according to the consumer sentiment index which fell to a more than two-year low of 63.8 at mid-month vs 71.5 in June. Expectations, the leading component, fell nine points to a 55.8 level that indicates wide pessimism over the economic outlook. Current conditions fell nearly six points to 76.3.

The gloom is not the result of inflation expectations which fell four tenths for the 1-year outlook to 3.4 percent and fell two tenths for the 5-year outlook to 2.8 percent. These readings will help those arguing for further accommodation at the Federal Reserve.

Demand for stocks is weakening and demand for Treasuries is strengthening following today's results.

Consensus Outlook
The Reuter's/University of Michigan's Consumer sentiment index for the final reading for June declined to 71.5 from 74.3 in May. Compared to the mid-month reading of 71.8, the final June reading implies slight weakening into month end. Weakness was centered in the leading component of expectations which fell 2.0 two points from mid-month to 64.8 and was down 4.7 points from the May final of 69.5. Current conditions actually improved marginally to 82.0 in June from a mid-month 79.6 and a May final of 81.9.

The University of Michigan's Consumer Survey Center questions 600 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.)

2011 Release Schedule
Released On: 1/141/282/112/253/113/254/154/295/135/276/177/17/157/298/12
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
Released On: 8/269/169/3010/1410/2811/1111/2312/912/22
Release For: AugSepSepOctOctNovNovDecDec

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