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Final Read on University of Michigan's Gauge Jumps to 68.2
In a surprising turn of events, the University of Michigan's gauge of consumer sentiment saw a significant increase to 68.2 in June, up from the initial reading of 65.6. This marks a considerable shift in the data, especially given that these revisions have become a regular occurrence. Over the past five months, the average revision (absolute value) stands at 2.12, a stark contrast to the 0.82 figure recorded from April 2020 to January 2024. The continuous adjustments in the consumer sentiment gauge raise questions about the accuracy and reliability of the data.
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