Northern, WI 9/16/2011 (PennyPayDay) – The preliminary September reading of consumer sentiment from the U of M was slightly better than forecast at 57.8, a couple points up from the August result, which was just a fraction more than the cycle low set in November 2008.The components were divergent. The Current Economic Conditions rose almost six points to 74.5, but the Economic Outlook fell four tenths to 47.0, the lowest result for this component in thirty-one years.
The one year ahead inflation expectation was up two tenths to 3.7% and the five year ahead expectations rose one tenth to 3.0%.
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