The University of Michigan's consumer sentiment for the US was revised lower to 72.3 in May of 2020 from a preliminary reading of 73.7 and remaining very close to an eight-year low of 71.8 reported in April. The current economic conditions sub-index was revised down to 82.3 from 83 and the expectations subindex to 65.9 from 67.7. Inflation expectations for the year ahead increased to 3.2% from 3% and the 5-year outlook to 2.7% from 2.6%. The CARES relief checks and higher unemployment payments have helped to stem economic hardship, but those programs have not acted to stimulate discretionary spending due to uncertainty about the future course of the coronavirus pandemic.
Consumer Confidence in the United States averaged 86.64 points from 1952 until 2020, 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 June of 2020. source: University of Michigan
Consumer Confidence in the United States is expected to be 50.00 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 76.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 88.00 points in 2021 and 95.00 points in 2022, according to our econometric models.