The University of Michigan's consumer sentiment for the US fell to 79.2 in January 2021, from the previous month's 80.7 and below market expectations of 80, a preliminary estimate showed. It has also remained well below pre-pandemic levels as the current economic conditions sub-index dropped to 87.7 from 90.0 and the gauge for consumer expectations decreased to 73.8 from 74.6. "Consumer sentiment posted trivial declines in early January despite the horrendous rise in covid-19 deaths, the insurrection, and the impeachment of Trump. Two offsetting shifts helped narrow the January loss in sentiment: the covid-19 vaccines and a partisan shift in expectations due to the anticipated impact of Biden's economic policies," Surveys of Consumers Chief Economist Richard Curtin said in a statement. source: University of Michigan

Consumer Confidence in the United States averaged 86.53 points from 1952 until 2021, reaching an all time high of 111.40 points in January of 2000 and a record low of 51.70 points in May of 1980. This page provides the latest reported value for - United States Consumer Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Consumer Confidence in the United States is expected to be 95.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in the United States to stand at 88.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 95.00 points in 2022, according to our econometric models.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
79.20 80.70 111.40 51.70 1952 - 2021 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-15 03:00 PM Michigan Current Conditions Prel Jan 87.7 90 88
2021-01-15 03:00 PM Michigan Consumer Sentiment Prel Jan 79.2 80.7 80 79.2
2021-01-15 03:00 PM Michigan Inflation Expectations Prel Jan 3% 2.5% 2.1%
2021-01-15 03:00 PM Michigan Consumer Expectations Prel Jan 73.8 74.6 75.1
2021-01-29 03:00 PM Michigan Consumer Sentiment Final Jan 80.7 79.2
2021-02-12 03:00 PM Michigan Consumer Sentiment Prel Feb
2021-02-26 03:00 PM Michigan Consumer Sentiment Final Feb
2021-03-12 03:00 PM Michigan Consumer Sentiment Prel Mar


News Stream
US Consumer Morale Deteriorates in January
The University of Michigan's consumer sentiment for the US fell to 79.2 in January 2021, from the previous month's 80.7 and below market expectations of 80, a preliminary estimate showed. It has also remained well below pre-pandemic levels as the current economic conditions sub-index dropped to 87.7 from 90.0 and the gauge for consumer expectations decreased to 73.8 from 74.6. "Consumer sentiment posted trivial declines in early January despite the horrendous rise in covid-19 deaths, the insurrection, and the impeachment of Trump. Two offsetting shifts helped narrow the January loss in sentiment: the covid-19 vaccines and a partisan shift in expectations due to the anticipated impact of Biden's economic policies," Surveys of Consumers Chief Economist Richard Curtin said in a statement.
2021-01-15
US Consumer Sentiment Revised Lower
The University of Michigan's consumer sentiment for the US was revised lower to 80.7 in December of 2020 from a preliminary of 81.4 but above 76.9 in November. There was a significant decline in the assessments of current economic conditions (90 vs 91.8 in the preliminary release) and in the expectations component (74.6 vs 74.7 in the preliminary release). On the price front, inflation expectations for the year ahead were revised higher to 2.5 percent from 2.3 percent and those for the next 5 years were unchanged at 2.5 percent. "The Sentiment Index slipped in late December, although it remained higher than last month despite the ongoing surge in covid infections and deaths. The improvement was due to a large and rapid partisan shift, with Democrats becoming much more positive and Republicans much more negative."
2020-12-23
US Consumer Sentiment Surprises on the Upside
The University of Michigan's consumer sentiment for the US jumped to 81.4 in December of 2020 from 76.9 in November, beating market forecasts of 76.5, preliminary estimates showed. Current economic conditions were assessed more positively (91.8 vs 87) and expectations also improved (74.7 vs 70.5). Meantime, the inflation outlook for the year ahead slowed (2.3% vs 2.8%) while expectations for the next 5 years were unchanged at 2.5%. "Consumer sentiment posted a surprising increase in early December due to a partisan shift in economic prospects. Following Biden's election, Democrats became much more optimistic, and Republicans much more pessimistic. Just as four years ago, the post-election partisan shifts in economic expectations are too extreme to be justified by economic fundamentals".
2020-12-11
US Consumer Sentiment Revised Lower
The University of Michigan's consumer sentiment for the US was revised lower to 76.9 in November of 2020 from a preliminary of 77 and below 81.8 in October. It is the lowest reading since August. There was a significant decline in the expectations component (70.5 vs 71.3 in the preliminary release) which was partially offset by more favorable assessments of current economic conditions (87 vs 85.8). Meantime, inflation expectations were left unchanged for both the year ahead (2.8 percent) and the next 5 years (2.6 percent). The November data were less optimistic than last month due to the resurgence in covid infections and deaths as well as partisan shifts due to the outcome of the presidential election. For the first time since Trump entered office, Democrats rather than Republicans held a more optimistic economic outlook.
2020-11-25

United States Consumer Sentiment
The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.