United States Consumer Sentiment  1952-2017 | Data | Chart | Calendar

The University of Michigan's consumer sentiment for the United States was revised up to 98.5 in November of 2017 from a preliminary of 97.8. Still, it was lower than 100.7 in October which was the strongest since January 2004. Expected economic conditions deteriorated compared to the previous month although less than initially estimated. Consumer Confidence in the United States averaged 86.18 from 1952 until 2017, reaching an all time high of 111.40 in January of 2000 and a record low of 51.70 in May of 1980.

United States Consumer Sentiment
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US Consumer Sentiment Revised Higher


The University of Michigan's consumer sentiment for the United States was revised up to 98.5 in November of 2017 from a preliminary of 97.8. Still, it was lower than 100.7 in October which was the strongest since January 2004. Expected economic conditions deteriorated compared to the previous month although less than initially estimated.

The gauge of consumer expectations fell to 88.9 from 90.5 in October but was higher than a preliminary of 87.6. The current conditions index went down to 113.5 from 116.5 in October and a preliminary reading of 113.6. 

Also, Americans expect the inflation rate to be 2.5 percent, next year, higher than 2.4 percent in October but lower than a preliminary of 2.6 percent. The 5-year expectation was also revised down to 2.4 percent from 2.5 percent in October and in the first estimate. 

What has changed recently is the degree of certainty with which consumers hold their economic expectations. In contrast to the media buzz about approaching cyclical peaks and an aging expansion, with the implication of greater uncertainty about future economic trends, consumers have voiced greater certainty about their expectations for income, employment, and inflation. Inflation expectations have shown the smallest dispersion on record, and increased certainty about future income and job prospects has become a key factor that has supported discretionary purchases. To be sure, caution is warranted given that the current expansion will soon be the second longest expansion since the mid-1800s, as well as the potential for significant changes in tax policies and the new Fed leadership and Board members. Interestingly, the data indicate that neither changes in fiscal nor monetary policies have yet had any noticeable impact on consumer expectations. Overall, the data signal an expected gain of 2.7% in real consumption expenditures in 2018, and more importantly for retailers, the best runup to the holiday shopping season in a decade.

University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
11/22/2017 3:13:15 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-15 02:00 PM Michigan Consumer Sentiment Prel 95.3 96.8 95.1 96
2017-09-29 02:00 PM Michigan Consumer Sentiment Final 95.1 96.8 95.3 95.3
2017-11-10 03:00 PM Michigan Consumer Sentiment Prel 97.8 100.7 98.0 100
2017-12-08 03:00 PM Michigan Consumer Sentiment Prel 98.5 96.4


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 98.50 100.70 111.40 51.70 [+]
Retail Sales MoM 0.20 1.90 6.70 -3.70 percent [+]
Retail Sales YoY 4.60 4.80 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.10 1.20 2.70 -3.80 percent [+]
Consumer Spending 11922.10 11853.00 11922.10 1320.40 USD Billion [+]
Disposable Personal Income 14465.30 14417.40 14490.10 351.90 USD Billion [+]
Personal Spending 1.00 0.10 2.80 -2.00 percent [+]
Personal Income 0.40 0.20 4.60 -5.20 percent [+]
Personal Savings 3.10 3.60 17.00 1.90 percent [+]
Consumer Credit 20.83 13.10 118.60 -17.80 USD Billion [+]
Private Sector Credit 9420.25 9369.63 9420.25 39.04 USD Billion [+]
Bank Lending Rate 4.25 4.25 20.50 2.00 percent [+]
Economic Optimism Index 53.60 50.30 62.90 35.80 [+]
Redbook Index 4.10 2.30 7.60 -5.80 percent [+]
Gasoline Prices 0.66 0.68 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.70 79.50 95.50 23.40 percent of GDP [+]
Chain Store Sales 4077.00 4100.00 15875.00 3129.00 USD Million [+]
Consumer Confidence Current Conditions 113.20 112.50 121.10 57.50 [+]
Consumer Confidence Economic Expectations 80.20 83.90 108.60 44.20 [+]
Consumer Confidence Price Trends 2.70 2.60 10.40 0.40 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
98.50 100.70 111.40 51.70 1952 - 2017 Monthly
Volume, NSA, 1966=100




consumer confidence by Country
Country Last
Australia 99.70 Nov/17
Brazil 101.20 Oct/17
Canada 55.37 Nov/17
China 123.90 Oct/17
Euro Area 0.10 Nov/17
France 100.00 Oct/17
Germany 10.70 Nov/17
India 128.00 Jun/17
Indonesia 120.70 Oct/17
Italy 116.10 Oct/17
Japan 44.50 Oct/17
Mexico 87.80 Oct/17
Netherlands 23.00 Nov/17
Russia -11.00 Sep/17
South Korea 112.00 Nov/17
Spain 99.60 Oct/17
Switzerland -2.00 Dec/17
Turkey 65.20 Nov/17
United Kingdom -10.00 Oct/17
United States 98.50 Nov/17