The University of Michigan's consumer sentiment was revised slightly higher to 81.8 in October of 2020, reaching the highest since March. Still, the sentiment remains much below 101 reported in February, before the coronavirus pandemic started. Improvements were seen in both expectations (79.2 vs 78.8 in the advance estimate) and current conditions (85.9 vs 84.9). On the price front, inflation expectations for the year ahead were revised lower to 2.6 percent from 2.7 percent and those for the next 5 years were unchanged at 2.4 percent. "Consumer sentiment remained virtually unchanged from the first half of October (+0.6 points) and was insignificantly different from last month's figure (+1.4 points). Fear and loathing produced this false sense of stability. Fears were generated by rising covid infection and death rates, and loathing was generated by the hyper-partisanship that has driven the election to ideological extremes", Surveys of Consumers chief economist, Richard Curtin said. source: University of Michigan

Consumer Confidence in the United States averaged 86.57 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 November of 2020.

Consumer Confidence in the United States is expected to be 76.00 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 82.00 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.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
81.80 80.40 111.40 51.70 1952 - 2020 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 02:00 PM Michigan Consumer Expectations Final Oct 79.2 75.6 78.8
2020-10-30 02:00 PM Michigan 5 Year Inflation Expectations Final Oct 2.4% 2.7% 2.4%
2020-10-30 02:00 PM Michigan Consumer Sentiment Final Oct 81.8 80.4 81.2 81.2
2020-10-30 02:00 PM Michigan Inflation Expectations Final Oct 2.6% 2.6% 2.7%
2020-11-13 03:00 PM Michigan Consumer Sentiment Prel Nov 81.8 82 82
2020-11-25 03:00 PM Michigan Consumer Sentiment Final Nov 81.8
2020-12-11 03:00 PM Michigan Consumer Sentiment Prel Dec 75
2020-12-23 03:00 PM Michigan Consumer Sentiment Final Dec
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Consumer Sentiment Reamins Strongest Since March
The University of Michigan's consumer sentiment was revised slightly higher to 81.8 in October of 2020, reaching the highest since March. Still, the sentiment remains much below 101 reported in February, before the coronavirus pandemic started. Improvements were seen in both expectations (79.2 vs 78.8 in the advance estimate) and current conditions (85.9 vs 84.9). On the price front, inflation expectations for the year ahead were revised lower to 2.6 percent from 2.7 percent and those for the next 5 years were unchanged at 2.4 percent. "Consumer sentiment remained virtually unchanged from the first half of October (+0.6 points) and was insignificantly different from last month's figure (+1.4 points). Fear and loathing produced this false sense of stability. Fears were generated by rising covid infection and death rates, and loathing was generated by the hyper-partisanship that has driven the election to ideological extremes", Surveys of Consumers chief economist, Richard Curtin said.
2020-10-30
US Consumer Sentiment Improves Further
The University of Michigan's consumer sentiment increased to 81.2 in October of 2020 from 80.4 in September but still remains way below pre-coronavirus levels. Expectations subindex improved (78.8 vs 75.6) as all respondents see Biden's advantage growing to 7 in the early October survey from 1 percentage point from July to September. In contrast, the gauge for current conditions declined (84.9 vs 87.8), amid slowing employment growth, the resurgence in covid-19 infections, and the absence of additional federal relief payments. On the price front, inflation expectations for the year ahead edged up to 2.7 percent from 2.6 percent and those for the next 5 years slowed to 2.4 percent from 2.7 percent.
2020-10-16
US Consumer Sentiment Revised Higher
The University of Michigan's consumer sentiment for the US was revised higher to 80.4 in September of 2020 from a preliminary of 78.9. It remains the highest reading since March, mainly due to a more optimistic outlook for the national economy (75.6 vs 68.5 in August). The gauge for current conditions also improved (87.8 vs 82.9); inflation expectations for the year ahead slowed (2.6% vs 3.1%) while the 5-year outlook was unchanged from the previous month (2.7%). Nonetheless, two non-economic issues still represent the primary source of uncertainty and could cause volatile shifts in consumer confidence: when and how the election is decided, and delays in obtaining a vaccine and its widespread availability. Although the survey was completed before the presidential debate, it is likely that the chaotic debate has already added to these uncertainties.
2020-10-02
US Consumer Sentiment Highest in 6 Months
The University of Michigan's consumer sentiment for the US jumped to 78.9 in September from 74.1 in August, beating market expectations of 75. It is the highest reading since March, preliminary estimates showed. While the recent gain was consistent with an unchanged flat trend, the data indicated that the election has begun to have an impact on expectations about future economic prospects. September gains were primarily in the outlook for the economy, and it was Democrats that posted gains in economic prospects while optimism about the economy weakened among Republicans. The consumer expectations subindex rose to 73.3 from 68.5 and the gauge for current conditions went up to 87.5 from 82.9. Inflation expectations for the year ahead declined to 2.7% from 3.1% and the 5-year outlook went down to 2.6% from 2.7%. Over the next several months, how the election is decided and the delays in obtaining vaccinations will weigh on consumer sentiment.
2020-09-18

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.