Published: 2025-04-25T14:11:51.000Z
U.S. April Final Michigan CSI - Upward revision largely on short term thinking
Senior Economist , North America
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April’s Final Michigan CSI of 52.2 is less weak than the preliminary 50.8 but still well below March’s 57.0, and a third straight monthly decline.
The recovery seems to be largely on short term sentiment, with current conditions revised up to 59.8 from 56.5.
Expectations are still very weak, at 47.3 from a preliminary 47.2, through this makes the index the weakest since a matching July 2022 rather than the weakest since May 1980.
The 1-year inflation expectation has been revised down to 6.5% from 6.7% but the 5-10 year view is unrevised at 4.4%.
The Fed appears more interested in relatively stable long term market expectations of inflation.
