United States Consumer Sentiment  1952-2017 | Data | Chart | Calendar

The University of Michigan's consumer sentiment for the United States rose to 97.6 in August of 2017 from 93.4 in July, beating market estimates of 94, preliminary estimates showed. It is the strongest reading since January, due to a more positive outlook for the overall economy and more favorable personal financial prospects. Consumer Confidence in the United States averaged 86.12 from 1952 until 2017, reaching an all time high of 111.40 in January of 2000 and a record low of 51.70 in May of 1980.

United States Consumer Sentiment
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US Consumer Sentiment at 7-Month High


The University of Michigan's consumer sentiment for the United States rose to 97.6 in August of 2017 from 93.4 in July, beating market estimates of 94, preliminary estimates showed. It is the strongest reading since January, due to a more positive outlook for the overall economy and more favorable personal financial prospects.

The gauge of future expectations jumped to 89 from 80.5 in July while the barometer for current economic conditions fell to 111 from 113.4.

Americans expect the inflation rate to be 2.6 percent next year, the same as in July. The 5-year expectation edged lower to 2.5 percent from 2.6 percent. 

However, it is important to mention that too few interviews were conducted following Charlottesville to assess how much it will weaken consumers' economic assessments. The fallout is likely to reverse the improvement in economic expectations recorded across all political affiliations in early August. Moreover, the Charlottesville aftermath is more likely to weaken the economic expectations of Republicans, since prospects for Trump's economic policy agenda have diminished. Nonetheless, the partisan difference between the optimism of Republicans and the pessimism of Democrats is still likely to persist, with Independents remaining as the bellwether group. 

University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2017 2:09:18 PM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-08-18 02:00 PM Aug 97.6 93.4 94 93.6
2017-08-18 02:00 PM Aug 111.0 113.4 113.3
2017-08-18 02:00 PM Aug 2.5% 2.6%
2017-09-01 02:00 PM Aug 113.4
2017-09-01 02:00 PM Aug 2.6%
2017-09-01 02:00 PM Aug 2.6%


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 97.60 93.40 111.40 51.70 [+]
Retail Sales MoM 0.60 0.30 6.70 -3.70 percent [+]
Retail Sales YoY 4.20 3.40 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.50 0.10 2.70 -3.80 percent [+]
Consumer Spending 11839.70 11758.00 11839.70 1320.40 USD Billion [+]
Disposable Personal Income 14364.70 14490.10 14490.10 351.90 USD Billion [+]
Personal Spending 0.10 0.20 2.80 -2.00 percent [+]
Personal Income 0.00 0.30 4.60 -5.20 percent [+]
Personal Savings 3.80 5.50 17.00 1.90 percent [+]
Consumer Credit 12.40 18.30 118.60 -17.80 USD Billion [+]
Private Sector Credit 9296.10 9250.51 9296.10 39.04 USD Billion [+]
Bank Lending Rate 4.25 4.13 20.50 2.00 percent [+]
Economic Optimism Index 52.20 50.20 62.90 35.80 [+]
Redbook Index 3.20 2.50 7.60 -5.80 percent [+]
Gasoline Prices 0.62 0.60 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 79.50 79.40 95.50 23.40 percent of GDP [+]
Chain Store Sales 4162.00 4514.00 15875.00 3129.00 USD Million [+]
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 Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
97.60 93.40 111.40 51.70 1952 - 2017 Monthly
Volume, NSA, 1966=100



consumer confidence by Country

Last
Australia 95.50 Aug/17
Brazil 99.50 Jul/17
Canada 55.61 Aug/17
China 114.60 Jul/17
Euro Area -1.70 Jul/17
France 104.00 Jul/17
Germany 10.80 Aug/17
India 136.00 Dec/16
Indonesia 123.40 Jul/17
Italy 106.70 Jul/17
Japan 43.80 Jul/17
Mexico 86.60 Jul/17
Netherlands 26.00 Aug/17
Russia -14.00 Jun/17
South Korea 111.20 Jul/17
Spain 108.30 Jul/17
Switzerland -3.00 Sep/17
Turkey 71.10 Aug/17
United Kingdom -12.00 Jul/17
United States 97.60 Aug/17