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University of Michigan consumer confidence index falls in November, but reflects strong consumer sentiment

The initial estimate of the University of Michigan index of consumer confidence dropped in November from a high level, reversing the solid gains seen in October. Despite the correction from the increased levels recorded in the prior month, the print released today reflects strong consumer confidence, noted Barclays in a research report. The headline print fell from 100.7 in October to 97.8 in November.

The current conditions index dropped from 116.5 to 113.6, while the expectations measure dropped to 87.6 from 90.5, both of which are in line with the deceleration in the headline index. The inflation expectations side of the survey rebounded for the one-year-ahead measure, but remained the same for the 5-10-year-ahead measure.

“Overall, the still-strong performance of the headline index for consumer sentiment suggests that households remain confident, and this should be supportive of GDP growth”, stated Barclays.

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February 22 21:45 UTC Released

NZRetail Qrtly Vs Yr Ago

Actual

5.4 %

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Previous

4.1 %

February 22 21:45 UTC Released

NZRetail Sales Volumes QQ

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1.7 %

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Previous

0.2 %

January 31 00:00 UTC 3304333043m

ARAnnual Primary Balance*

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January 22 19:00 UTC 4486344863m

ARTrade Balance

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-1541 %

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January 22 19:00 UTC 4486344863m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 3304333043m

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2016 bln ARS

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January 31 00:00 UTC 3304333043m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 3304333043m

ARAnnual Primary Balance*

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2016 bln ARS

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