2008 Economic Calendar
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Consumer Sentiment  
Released On 11/26/2008 10:00:00 AM For Nov(f), 2008
PriorConsensusConsensus RangeActual
Sentiment Index - Level57.9 57.9 54.6  to 58.5 55.3 

Highlights
The consumer sentiment index slipped further into deeply recessionary lows, down nearly 3 points from both mid-month and from October to a final November reading of 55.3. Both current conditions (57.5 Nov. vs. 58.4 Oct.) and expectations (53.9 vs. 57.0) showed weakness, a contrast to yesterday's report from the Conference Board where expectations actually improved. One-year inflation expectations, at 2.9 percent, were unchanged from mid-month but down one full percentage point from October. Weak consumer sentiment is no surprise but the decline in expectations is a special negative as it fails to confirm improvement in the Conference Board's report, improvement remember that ended up giving a boost to Tuesday's stock market. There was no discernable reaction to today's report.

Recent History Of This Indicator
The Reuter's/University of Michigan's Consumer sentiment index has gotten no lift from either the conclusion of the presidential election or lower gasoline prices. Consumer sentiment in early November barely edged above the near record low of 57.6 in October-rising to 57.9. The consumer does not appear to be in the mood to do any heavy lifting for the economy.

Consumer sentiment Consensus Forecast for final November 08: 57.9
Range: 54.6 to 58.5

Definition
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
 
[Chart]
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.)
 
 

2008 Release Schedule
Released On: 1/182/12/152/293/143/284/114/255/165/306/136/277/117/258/15
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/299/129/2610/1710/3111/1411/2612/1212/23
Release For: AugSepSepOctOctNovNovDecDec
 


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