Trying To Link Consumer Sentiment Surveys And Retail Sales Reports

As Retail Sales plunged 0.9% -- the steepest mark in two years -- and Consumer Sentiment surged by 8.3%, we have to (once again) question if the University of Michigan Consumer Sentiment survey is of any use at all. Assuming that there is a lag between a consumer's improving feelings about the economy and the time they spend their dollars, we would expect that the improvement since February would translate into Retail Sales improvements, too. It didn't, and it hasn't...

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[Source: The Mortgage Reports Blog]