The University of Michigan's consumer sentiment for the US fell to 71.4 in October of 2021 from 72.8 in September and below market forecasts of 73.1, preliminary estimates showed. The gauge of current conditions dropped to 77.9 from 80.1 while the expectations subindex went down to 67.2 from 68.1. Meanwhile, inflation expectations for the year-ahead edged up to 4.8% from 4.6% while the 5-year outlook eased to 2.8% from 3%. The Delta variant, supply chain shortages, and reduced labor force participation rates will continue to dim the pace of consumer spending into 2022. There is another, less tangible factor that has contributed to the slump in optimism: confidence in government economic policies has significantly declined during the past six months. source: University of Michigan

Consumer Confidence in the United States averaged 86.42 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 October of 2021.

Consumer Confidence in the United States is expected to be 84.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States Consumer Sentiment


Calendar GMT Actual Previous Consensus TEForecast
2021-10-15 02:00 PM Michigan Consumer Sentiment Prel Oct 71.4 72.8 73.1 75
2021-10-15 02:00 PM Michigan 5 Year Inflation Expectations Prel Oct 2.8% 3% 3%
2021-10-15 02:00 PM Michigan Consumer Expectations Prel Oct 67.2 68.1 70.3 68.5
2021-10-15 02:00 PM Michigan Inflation Expectations Prel Oct 4.8% 4.6% 4.7%
2021-10-29 02:00 PM Michigan Consumer Sentiment Final Oct 72.8 71.5
2021-11-12 03:00 PM Michigan Consumer Sentiment Prel Nov
2021-11-24 03:00 PM Michigan Consumer Sentiment Final Nov
2021-12-10 03:00 PM Michigan Consumer Sentiment Prel Dec


News Stream
US Consumer Sentiment Below Forecasts
The University of Michigan's consumer sentiment for the US fell to 71.4 in October of 2021 from 72.8 in September and below market forecasts of 73.1, preliminary estimates showed. The gauge of current conditions dropped to 77.9 from 80.1 while the expectations subindex went down to 67.2 from 68.1. Meanwhile, inflation expectations for the year-ahead edged up to 4.8% from 4.6% while the 5-year outlook eased to 2.8% from 3%. The Delta variant, supply chain shortages, and reduced labor force participation rates will continue to dim the pace of consumer spending into 2022. There is another, less tangible factor that has contributed to the slump in optimism: confidence in government economic policies has significantly declined during the past six months.
2021-10-15
US Consumer Sentiment Revised Higher
The University of Michigan's consumer sentiment for the US was revised higher to 72.8 in September of 2021 from a preliminary of 71 and above August’s 70.3. The current conditions gauge climbed to 80.1, above a preliminary of 77.1 and up from 78.5 last month. Expectations were revised higher to 68.1 from 67.1 and compared to August’s 65.1. Meanwhile, inflation expectations for the year ahead were unchanged at 4.6%, below a preliminary of 4.7% while the 5-year outlook rose to 3% from 2.9% in the prior month. "Consumer sentiment edged upward in late September, although the overall gain still meant the continuation of depressed optimism, initially sparked by the Delta variant and supported by persistent inflation and unfavorable long-term prospects for the national economy.",Surveys of Consumers chief economist, Richard Curtin.
2021-10-01
US Consumer Sentiment Rises Less than Expected
The University of Michigan's consumer sentiment for the US edged up to 71 in September of 2021 from a decade-low of 70.3 in August, preliminary estimates showed. Figures came below market forecasts of 72 as consumers still expected the least favorable economic prospects in more than a decade. The gauge for current economic conditions continued to decline to 77.1 from 78.5 while the expectations subindex increased to 67.1 from 65.1. Buying attitudes for household durables fell again to a low reached only once before in 1980, and long term economic prospects fell to a decade low. The decline in assessments of buying conditions for homes, vehicles, and household durables left all three near all-time record lows due to high prices. Also, inflation expectations for the year-ahead increased to 4.7% from 4.6% while the 5-year outlook was unchanged at 2.9%.
2021-09-17
US Consumer Sentiment Remains at Decade Low
The University of Michigan's consumer sentiment for the US was revised to 70.3 in August of 2021 from a preliminary reading of 70.2. It is still the weakest reading in more than a decade, mainly due to a slump in the expectations gauge (65.1 vs 79 in July), as personal financial prospects continued to worsen due to smaller income gains amid higher inflationary trends. Consumers' extreme reactions were due to the surging Delta variant, higher inflation, slower wage growth, and smaller declines in unemployment. The extraordinary falloff in sentiment also reflects an emotional response, from dashed hopes that the pandemic would soon end and lives could return to normal. Current economic conditions also worsened (78.5 vs 84.5 in July). Inflation expectations for the year ahead eased to 4.6% from 4.7% in July while the 5-year outlook went up to 2.9% from 2.8%.
2021-08-27

United States Last Unit Reference Previous Highest Lowest
Consumer Confidence 71.40 points Oct/21 72.80 111.40 51.70


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.