Deputy Seminar, Denver, CO

Consumer Sentiment (source: University of Michigan, Survey Research Center)

100 105 110 115

55 60 65 70 75 80 85 90 95

Jul-98

Jul-99

Jul-00

Jul-01

Jul-02

Jul-03

Jul-04

Jul-05

Jul-06

Jul-07

Jul-08

Jul-09

Jul-10

Jul-11

Jul-12

Jul-13

Jul-14

Jul-15

Jul-16

Jul-17

Jan-98

Jan-99

Jan-00

Jan-01

Jan-02

Jan-03

Jan-04

Jan-05

Jan-06

Jan-07

Jan-08

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018

CONSUMER SENTIMENT

100 110 120 130

50 60 70 80 90

Atlanta National

4Q-94

4Q-95

4Q-96

4Q-97

4Q-98

4Q-99

4Q-00

4Q-01

4Q-02

4Q-03

4Q-04

4Q-05

4Q-06

4Q-07

4Q-08

4Q-09

4Q-10

4Q-11

4Q-12

4Q-13

4Q-14

4Q-15

4Q-16

4Q-17

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018