THE BASIS POINT

Consumer Sentiment Up

 

Consumer Sentiment (December 2016)

– Sentiment Index 98.0, Previous was 93.8

This is the University of Michigan’s Sentiment Index. It is derived from a survey of 500 households and is supposed to forecast Consumer Spending in the next 3-6 months.

 
Wholesale Trade (October 2016)

– Inventories month/month -0.4%. Previous was +0.1%

This is a component of GDP.

 

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