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.