The University of Michigan consumer sentiment for the US fell to 68.8 in January of 2022, the second lowest level in a decade and below market forecasts of 70, mainly due to the spread of the delta and omicron coronavirus variants and escalating inflation, preliminary estimates showed. Three-quarters of consumers in early January ranked inflation, compared with unemployment, as the more serious problem facing the nation. Also, confidence in government economic policies is at its lowest level since 2014. The economic conditions subindex went down to 73.2 from 74.2 in December and the expectations gauge dropped to 65.9 from 68.3. Meanwhile, inflation expectations increased for both the year ahead (4.9% vs 4.8%) and the next 5 years (3.1% vs 2.9%). source: University of Michigan

Consumer Confidence in the United States averaged 86.34 points from 1952 until 2022, 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 Michigan Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Consumer Confidence in the United States is expected to be 68.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Michigan Consumer Sentiment is projected to trend around 85.00 points in 2023, according to our econometric models.

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United States Michigan Consumer Sentiment


Calendar GMT Actual Previous Consensus TEForecast
2021-12-23 03:00 PM Michigan Consumer Sentiment Final Dec 70.6 67.4 70.4 70.4
2022-01-14 03:00 PM Michigan Consumer Sentiment Prel Jan 68.8 70.6 70 70.4
2022-01-28 03:00 PM Michigan Consumer Sentiment Final Jan 70.6 68.8 68.8


Related Last Previous Unit Reference
Consumer Confidence 68.80 70.60 points Jan/22
Michigan Inflation Expectations 4.90 4.80 percent Jan/22
Michigan Current Economic Conditions 73.20 74.20 points Jan/22
Michigan Consumer Expectations 65.90 68.30 points Jan/22
Michigan 5 Year Inflation Expectations 3.10 2.90 percent Jan/22

News Stream
US Consumer Sentiment at 2nd Lowest in a Decade
The University of Michigan consumer sentiment for the US fell to 68.8 in January of 2022, the second lowest level in a decade and below market forecasts of 70, mainly due to the spread of the delta and omicron coronavirus variants and escalating inflation, preliminary estimates showed. Three-quarters of consumers in early January ranked inflation, compared with unemployment, as the more serious problem facing the nation. Also, confidence in government economic policies is at its lowest level since 2014. The economic conditions subindex went down to 73.2 from 74.2 in December and the expectations gauge dropped to 65.9 from 68.3. Meanwhile, inflation expectations increased for both the year ahead (4.9% vs 4.8%) and the next 5 years (3.1% vs 2.9%).
2022-01-14
US December Consumer Sentiment Beat Flash Estimates
The University of Michigan's consumer sentiment for the US rose to 70.6 in December of 2021, from 67.4 last month and above preliminary estimates of 70.4 points. The gauge for expectations was revised higher to 68.3 from 67.8 and the current conditions subindex was revised lower to 74.2 from 74.6. Inflation expectations for the year ahead moderated to 4.8% from 4.9% in the previous month and slightly below preliminary figures of 4.9%. Meanwhile, the 5-year outlook also eased to 2.9%, compared with 3.0% in both advance figures and November’s reading. The uptick was primarily supported by higher income expectations in the bottom third of the population distribution, who see their incomes rise at the fastest pace since 1999. The results were also influenced by the low number of interviews conducted to capture the impact of the rapid spread of the omicron variant.
2021-12-23
US Consumer Sentiment Tops Forecasts
The University of Michigan's consumer sentiment for the US increased to 70.4 in December of 2021 from a 10-year low of 67.4 in November, beating market forecasts of 67.1, preliminary estimates showed. Both current conditions (74.6 vs 73.6) and expectations (67.8 vs 63.5) improved while inflation expectations for the year ahead were steady at 4.9% and at 3% for the next five years. "The more interesting result was the large disparity between monthly gain among households with incomes in the lowest third (+23.6%) of the income distribution compared with the modest losses among households in the middle (-3.8%) and top third (-4.3%). The core of the renewed optimism among the bottom third was the expectation of income increases of 2.9% during the year ahead".
2021-12-10

United States Michigan 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.