The University of Michigan's consumer sentiment for the US was revised higher to 69.7 in December of 2023 from a preliminary of 69.4, hitting the highest reading in five months, amid substantial improvements in how consumers view the trajectory of inflation. Expectations for inflation in the upcoming year dropped to 3.1% from November's 4.5%, marking the lowest level recorded since March 2021, and in line with the preliminary estimate. Additionally, expectations for the five-year outlook fell slightly less than expected to 2.9% compared to 2.8% in the first estimate, but remained below 3.2% in November. Meanwhile, the gauge measuring consumer expectations surged more than initially expected to 67.4 (vs 66.4 in the first estimate and 56.8 in November) while the measure assessing current economic conditions rose to 73.3, below 74 in the first estimate, but higher than 68.3 in the previous month. source: University of Michigan

Consumer Confidence in the United States increased to 69.70 points in December from 61.30 points in November of 2023. Consumer Confidence in the United States averaged 85.47 points from 1952 until 2023, reaching an all time high of 111.40 points in January of 2000 and a record low of 50.00 points in June of 2022. 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 2024.

Consumer Confidence in the United States increased to 69.70 points in December from 61.30 points in November of 2023. Consumer Confidence in the United States is expected to be 69.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Michigan Consumer Sentiment


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-12-08 03:00 PM Michigan Consumer Sentiment Prel Dec 69.4 61.3 62 61.4
2023-12-22 03:00 PM Michigan Consumer Sentiment Final Dec 69.7 61.3 69.4 69.4
2024-01-19 03:00 PM Michigan Consumer Sentiment Prel Jan 69.7 68


Related Last Unit Reference
Consumer Confidence 69.70 points Dec 2023
Michigan Inflation Expectations 3.10 percent Dec 2023
Michigan Current Economic Conditions 73.30 points Dec 2023
Michigan Consumer Expectations 67.40 points Dec 2023
Michigan 5 Year Inflation Expectations 2.90 percent Dec 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
69.70 61.30 111.40 50.00 1952 - 2023 points Monthly
1966Q1=100, NSA

News Stream
US Consumer Sentiment Revised Higher
The University of Michigan's consumer sentiment for the US was revised higher to 69.7 in December of 2023 from a preliminary of 69.4, hitting the highest reading in five months, amid substantial improvements in how consumers view the trajectory of inflation. Expectations for inflation in the upcoming year dropped to 3.1% from November's 4.5%, marking the lowest level recorded since March 2021, and in line with the preliminary estimate. Additionally, expectations for the five-year outlook fell slightly less than expected to 2.9% compared to 2.8% in the first estimate, but remained below 3.2% in November. Meanwhile, the gauge measuring consumer expectations surged more than initially expected to 67.4 (vs 66.4 in the first estimate and 56.8 in November) while the measure assessing current economic conditions rose to 73.3, below 74 in the first estimate, but higher than 68.3 in the previous month.
2023-12-22
US Consumer Confidence Beats Expectations in December
The University of Michigan's consumer sentiment for the US surged to 69.4 in December 2023, rising from 61.3 in the previous month and surpassing market expectations set at 62.0, a preliminary estimate showed. It was the highest level recorded since August, largely propelled by positive shifts in the anticipated path of inflation. Expectations for inflation in the upcoming year dropped to 3.1% from November's 4.5%, marking the lowest level recorded since March 2021. Additionally, expectations for the five-year outlook fell to 2.8%, matching the second lowest reading seen since July 2021. Meanwhile, the measure assessing current economic conditions rose to 74.0 from 68.3, while the one gauging consumer expectations surged to 66.4 from 56.8. US consumer sentiment is now about 39% above the all-time low measured in June 2022 but still well below pre-pandemic levels.
2023-12-08
US Consumer Sentiment Revised Higher
The University of Michigan consumer sentiment for the US was revised sharply higher to 61.3 in November 2023 from a preliminary of 60.4 but it still remained at the lowest level since May. It was the fourth consecutive decline in consumer sentiment as more-favorable current assessments and expectations of personal finances were offset by a notable deterioration in expected business conditions. The gauge measuring current economic conditions was revised higher to 68.3 from a preliminary of 65.7, but below 70.6 in October. The gauge for consumer expectations went down to 56.8, slightly below a preliminary of 56.9, and compared to 59.3 in the previous month. Meanwhile, inflation expectations for the year ahead increased more than expected to 4.5%, above initial estimates of 4.4%, and reached the highest since April. Expectations for the five-year outlook were confirmed at 3.2%, a level not seen since March 2011, compared to 3% last month.
2023-11-22