The University of Michigan's consumer sentiment for the US rose to 86.5 in April 2021, from 84.9 in the previous month but below market expectations of 89.6, a preliminary estimate showed. It was the highest reading since March 2020, mainly due to improving current economic conditions, while future economic prospects remained unchanged. Year-ahead inflation expectations rose to 3.7 percent, the highest level in nearly a decade; while half of all consumers expected declines in unemployment, the highest level ever recorded. "Consumers in early April reported surging economic growth and strong job gains due to record stimulus spending, low interest rates, and the positive impact of vaccinations", Surveys of Consumers chief economist, Richard Curtin, said. "The strength in current economic conditions reflects much larger than usual stimulus payments during the past year, and much larger than usual economic gains due to comparisons with last year's shutdowns.", he added. source: University of Michigan
Consumer Confidence in the United States averaged 86.51 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 April of 2021.
Consumer Confidence in the United States is expected to be 85.00 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 83.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 84.00 points in 2022 and 85.00 points in 2023, according to our econometric models.