United States Consumer Sentiment  1952-2018 | Data | Chart | Calendar

The University of Michigan's consumer sentiment for the United States increased to 99.9 in February of 2018 from 95.7 in January and well above market expectations of 95.5. It is the the second highest reading since 2004, preliminary estimates showed. Both current conditions and future expectations improved. Consumer Confidence in the United States averaged 86.24 Index Points from 1952 until 2018, reaching an all time high of 111.40 Index Points in January of 2000 and a record low of 51.70 Index Points in May of 1980.

United States Consumer Sentiment
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US Consumer Sentiment Remains Strong


The University of Michigan's consumer sentiment for the United States increased to 99.9 in February of 2018, above 95.7 in January and better than market expectations of 95.5. It is the second strongest reading since 2004, preliminary estimates showed. Both current economic conditions and future expectations improved despite lower and much more volatile stock prices.

The gauge of current conditions rose to 115.1 from 110.5 in the previous month and expectations subindex went up to 90.2 from 86.3. Inflation expectations remained steady at  2.7 percent next year, and 2.5 percent in five years even in a wake of stronger wage growth. 

Stock market gyrations were dominated by rising incomes, employment growth, and by net favorable perceptions of the tax reforms. Indeed, when asked to identify any recent economic news they had heard, negative references to stock prices were spontaneously cited by just 6% of all consumers. In contrast, favorable references to government policies were cited by 35% in February, unchanged from January, and the highest level recorded in more than a half century. In addition, the largest proportion of households reported an improved financial situation since 2000, and expected larger income gains during the year ahead. To be sure, higher interest rates during the year ahead were expected by the highest proportion of consumers since August 2005. 

Consumers also anticipated a slightly higher inflation rate, although the year-ahead inflation rate has remained relatively low and unchanged for the past three months. Purchase plans have been transformed from the attraction of deeply discounted prices and interest rates that outweighed economic uncertainty, to being based on a sense of greater income and job security as the fewest consumers in decades mentioned the favorable impact of low prices and interest rates. Overall, the data signal an expected gain of 2.9% in real personal consumption expenditures during 2018.


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
2/16/2018 6:25:46 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-19 03:00 PM Michigan Consumer Sentiment Prel 94.4 95.9 95.0 95.30
2018-02-02 03:00 PM Michigan Consumer Sentiment Final 95.7 95.9 95 94.4
2018-02-16 03:00 PM Michigan Consumer Sentiment Prel 99.9 95.7 97.0 95.6
2018-03-02 03:00 PM Michigan Consumer Sentiment Final 95.7 99.9 99.9
2018-03-16 03:00 PM Michigan Consumer Sentiment Prel 99.48
2018-03-29 03:00 PM Michigan Consumer Sentiment Final


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 99.90 95.70 111.40 51.70 Index Points [+]
Retail Sales MoM -0.30 0.00 6.70 -3.70 percent [+]
Retail Sales YoY 3.60 5.20 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.00 0.10 2.70 -3.80 percent [+]
Consumer Spending 12028.06 11916.58 12028.06 1320.40 USD Billion [+]
Disposable Personal Income 14589.00 14566.50 14589.00 351.90 USD Billion [+]
Personal Spending 0.40 0.80 2.80 -2.00 percent [+]
Personal Income 0.40 0.30 4.60 -5.20 percent [+]
Personal Savings 2.40 2.90 17.00 1.90 percent [+]
Consumer Credit 18.50 31.00 118.60 -114.30 USD Billion [+]
Private Sector Credit 9119.50 9098.96 9463.65 39.04 USD Billion [+]
Bank Lending Rate 4.50 4.40 20.50 2.00 percent [+]
Economic Optimism Index 56.70 55.10 62.90 35.80 [+]
Redbook Index 2.80 3.00 7.60 -5.80 percent [+]
Chain Store Sales 8800.00 6028.00 15875.00 3129.00 USD Million [+]
Gasoline Prices 0.68 0.65 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.20 78.70 95.50 23.40 percent of GDP [+]
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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
99.90 95.70 111.40 51.70 1952 - 2018 Index Points Monthly
Volume, NSA, 1966=100




consumer confidence by Country
Country Last
Australia 102.70 Feb/18
Brazil 102.90 Jan/18
Canada 55.72 Feb/18
China 122.60 Dec/17
Euro Area 1.30 Jan/18
France 104.00 Jan/18
Germany 11.00 Feb/18
India 128.00 Jun/17
Indonesia 126.10 Jan/18
Italy 115.50 Jan/18
Japan 44.70 Jan/18
Mexico 85.90 Jan/18
Netherlands 24.00 Jan/18
Russia -11.00 Dec/17
South Korea 109.90 Jan/18
Spain 102.30 Jan/18
Switzerland 5.00 Mar/18
Turkey 72.30 Jan/18
United Kingdom -9.00 Jan/18
United States 99.90 Feb/18


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