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

The University of Michigan's consumer sentiment for the United States fell to 95.3 in September of 2017 from 96.8 in August but slightly above market expectations of 95.1. It is the lowest reading in three months, as the two hurricanes raised concerns over the outlook for the national economy, leading to a fall in expectations. Consumer Confidence in the United States averaged 86.13 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 Falls Less Than Expected


The University of Michigan's consumer sentiment for the United States fell to 95.3 in September of 2017 from 96.8 in August but slightly above market expectations of 95.1. It is the lowest reading in three months, as hurricanes Irma and Harvey heavy impacted gauge if consumer expectations.

The gauge of consumer expectations declined to 83.4 from 87.7 in August while the current conditions index rose to 113.9 from 110.9, the highest since November of 2000.

Americans expect the inflation rate to be 2.7 percent next year, higher than 2.6 percent in August. The 5-year expectation also increased to 2.6 percent from 2.5 percent in the previous month. 

The two hurricanes had a greater impact on expected economic conditions. Across all interviews in early September, 9% spontaneously mentioned concerns that Harvey, Irma, or both, would have a negative impact on the overall economy. Among those who mentioned the hurricanes, the Sentiment Index was 80.2, while among those who did not spontaneously mention either hurricane, the Sentiment Index remained unchanged from last month at 96.8. Given the widespread devastation in Texas and Florida, it is not surprising to find these very negative initial reactions, nor would it be surprising if these negative assessments last longer than following most past hurricanes. While consumers anticipated slight increases in gas prices and a slightly higher overall inflation rate, those concerns were neutralized by the best assessments of their financial situation in more than a decade. Renewed gains in incomes as well as rising home and equity values have acted to counterbalance the negative impacts from the hurricanes. Given the current resilience of consumers, recent events are unlikely to derail confidence.

University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
9/15/2017 2:19:54 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-15 02:00 PM Michigan Consumer Sentiment Prel 95.3 96.8 95.1 96
2017-09-15 02:00 PM Michigan Current Conditions Prel 113.9 110.9
2017-09-15 02:00 PM Michigan Consumer Expectations Prel 83.4 87.7 96.95
2017-09-29 02:00 PM Michigan Consumer Sentiment Final 96.8 95.1 95.3
2017-11-10 03:00 PM Michigan Consumer Sentiment Prel 94.5
2017-12-08 03:00 PM Michigan Current Conditions Prel 96.62


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 95.30 96.80 111.40 51.70 [+]
Retail Sales MoM -0.20 0.30 6.70 -3.70 percent [+]
Retail Sales YoY 3.20 3.50 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.20 0.40 2.70 -3.80 percent [+]
Consumer Spending 11854.40 11758.00 11854.40 1320.40 USD Billion [+]
Disposable Personal Income 14410.40 14364.70 14490.10 351.90 USD Billion [+]
Personal Spending 0.30 0.20 2.80 -2.00 percent [+]
Personal Income 0.40 0.00 4.60 -5.20 percent [+]
Personal Savings 3.50 3.80 17.00 1.90 percent [+]
Consumer Credit 18.50 11.80 118.60 -17.80 USD Billion [+]
Private Sector Credit 9324.53 9296.10 9324.53 39.04 USD Billion [+]
Bank Lending Rate 4.25 4.25 20.50 2.00 percent [+]
Economic Optimism Index 53.40 52.50 62.90 35.80 [+]
Redbook Index 3.60 4.50 7.60 -5.80 percent [+]
Gasoline Prices 0.63 0.62 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.70 79.50 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

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
95.30 96.80 111.40 51.70 1952 - 2017 Monthly
Volume, NSA, 1966=100




consumer confidence by Country

Last
Australia 97.90 Sep/17
Brazil 101.60 Aug/17
Canada 54.33 Sep/17
China 114.70 Aug/17
Euro Area -1.20 Sep/17
France 103.00 Aug/17
Germany 10.90 Sep/17
India 128.00 Jun/17
Indonesia 121.90 Aug/17
Italy 110.80 Aug/17
Japan 43.30 Aug/17
Mexico 87.60 Aug/17
Netherlands 23.00 Sep/17
Russia -14.00 Jun/17
South Korea 107.70 Sep/17
Spain 108.80 Aug/17
Switzerland -3.00 Sep/17
Turkey 68.70 Sep/17
United Kingdom -10.00 Aug/17
United States 95.30 Sep/17