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

The University of Michigan's consumer sentiment for the United States fell to 93.1 in July of 2017 from 95.1 in June, well below market estimates of 95, preliminary estimates showed. It is the lowest reading since October of 2016, mainly due to a fall in future expectations. Consumer Confidence in the United States averaged 86.10 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
Please Paste this Code in your Website
width
height
Receive the next reported value for United States Consumer Sentiment in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus Forecast (i)
2017-07-14 02:00 PM Jul 93.1 95.1 95 95.4
2017-07-14 02:00 PM Jul 113.2 112.5 112.5
2017-07-14 02:00 PM Jul 80.2 83.9 84.0
2017-07-28 02:00 PM Jul 112.5 112.9 113.2
2017-07-28 02:00 PM Jul 2.5% 2.6% 2.6%
2017-07-28 02:00 PM Jul 2.6% 2.7% 2.7%




US Consumer Sentiment Below Estimates In July


The University of Michigan's consumer sentiment for the United States fell to 93.1 in July of 2017 from 95.1 in June, well below market estimates of 95, preliminary estimates showed. It is the lowest reading since October of 2016, mainly due to a fall in future expectations.

The gauge of future expectations declined to 80.2 from 83.9. On the other hand, the barometer for current economic conditions edged up to 113.2 from 112.5. 

Americans expect the inflation rate to be 2.7 percent next year, higher than 2.6 percen in June. The 5-year expectation was also up at 2.6 percent from 2.5 percent. 

Overall, the recent data follow the same pattern repeatedly recorded around past cyclical peaks: expectations start to post significant declines while assessments of current economic conditions continue to reach new peaks. To be sure, the data do not suggest an impending recession. Rather, the data indicate that hopes for a prolonged period of 3% GDP growth sparked by Trump's victory have largely vanished, aside from a temporary snap back expected in the 2nd quarter. The declines recorded are now consistent with just above 2% GDP growth in 2017. Much steeper declines in expectations typically precede recessions. The weakness in the Expectations Index in early July was concentrated among Republicans (falling to 108.9 from June’s 116.0 and February’s 120.1); Democrats continue to hold much less favorable expectations, although the Expectations Index among Democrats has markedly improved (to 63.2 from June’s 62.0 in June and 55.5 in February). Overall, the data indicate an annual gain of 2.4% in personal consumption during 2017.

University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
7/14/2017 2:07:22 PM



United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 93.10 95.10 111.40 51.70 [+]
Retail Sales MoM -0.20 -0.10 6.70 -3.70 percent [+]
Retail Sales YoY 2.80 3.80 11.20 -11.50 percent [+]
Retail Sales Ex Autos -0.20 -0.30 2.70 -3.80 percent [+]
Consumer Spending 11701.30 11669.80 11701.30 1320.40 USD Billion [+]
Disposable Personal Income 14490.10 14432.50 14490.10 351.90 USD Billion [+]
Personal Spending 0.10 0.40 2.80 -2.00 percent [+]
Personal Income 0.40 0.30 4.60 -5.20 percent [+]
Personal Savings 5.50 5.30 17.00 1.90 percent [+]
Consumer Credit 18.40 12.90 118.60 -17.80 USD Billion [+]
Private Sector Credit 9250.51 9220.64 9250.51 39.04 USD Billion [+]
Bank Lending Rate 4.13 4.00 20.50 2.00 percent [+]
Economic Optimism Index 50.20 51.30 62.90 35.80 [+]
Redbook Index 2.00 2.40 7.60 -5.80 percent [+]
Gasoline Prices 0.60 0.63 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 79.50 79.40 95.50 23.40 percent of GDP [+]
Chain Store Sales 4514.00 4254.00 15875.00 3129.00 USD Million [+]


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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
93.10 95.10 111.40 51.70 1952 - 2017 Monthly
Volume, NSA, 1966=100



consumer confidence by Country

Last
Australia 96.60 Jul/17
Brazil 100.50 Jun/17
Canada 54.49 Jul/17
China 113.30 Jun/17
Euro Area -1.70 Jul/17
France 108.00 Jun/17
Germany 10.60 Jul/17
India 136.00 Dec/16
Indonesia 122.40 Jun/17
Italy 106.40 Jun/17
Japan 43.30 Jun/17
Mexico 84.40 Jun/17
Netherlands 25.00 Jul/17
Russia -14.00 Jun/17
South Korea 111.20 Jul/17
Spain 105.80 Jun/17
Switzerland -8.00 Jun/17
Turkey 71.30 Jul/17
United Kingdom -10.00 Jun/17
United States 93.10 Jul/17