The University of Michigan consumer sentiment index in the US increased to 100.9 in February of 2020 from 99.8 in January, beating market forecasts of 99.5, preliminary estimates showed. It is the highest reading since March of 2018 amid improving expectations (92.6 from 90.5) while the gauge for current conditions declined (113.8 from 114.4). Inflation expectations for the year ahead were steady at 2.5 percent while those for the five-year outlook fell to 2.3 percent from 2.5 percent. Current personal finances as well as evaluations of the national economy each posted large gains, while consumers' views on buying conditions for household durables posted a significant loss.
Consumer Confidence in the United States averaged 86.69 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. source: University of Michigan
Consumer Confidence in the United States is expected to be 98.40 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 86.70 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 85.00 points in 2021, according to our econometric models.