University of Michigan and Richard Curtin

current conditions: That was below the 92.8 forecast by economists surveyed by Market Watch, according to Market Watch. The sub-gauge of current conditions fell to 106.4 from 108.1, while the expectations portion was unchanged at 82.7. Sentiment dipped to 92.0 from 92.6 in the University of Michigan final January reading. The overall index is down 6.2% compared to a year ago, a reading that signals slower growth, not a recession, wrote the survey chief economist, Richard Curtin, in a release. It was almost impossible for the large drop in U.S. equity markets to not have had an adverse effect on the Michigan sentiment reading for January, wrote Eugenio Aleman, senior economist for Wells Fargo, in a research note. That January 2015 reading of 98.1 was the highest since the recession. (news.financializer.com). As reported in the news.