The University of Michigan's consumer sentiment for the US was revised lower to 72.3 in May of 2020 from a preliminary reading of 73.7 and remaining very close to an eight-year low of 71.8 reported in April. The current economic conditions sub-index was revised down to 82.3 from 83 and the expectations subindex to 65.9 from 67.7. Inflation expectations for the year ahead increased to 3.2% from 3% and the 5-year outlook to 2.7% from 2.6%. The CARES relief checks and higher unemployment payments have helped to stem economic hardship, but those programs have not acted to stimulate discretionary spending due to uncertainty about the future course of the coronavirus pandemic.

Consumer Confidence in the United States averaged 86.64 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. United States Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: University of Michigan

Consumer Confidence in the United States is expected to be 50.00 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 76.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 88.00 points in 2021 and 95.00 points in 2022, according to our econometric models.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
72.30 71.80 111.40 51.70 1952 - 2020 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 02:00 PM Michigan Consumer Expectations Final May 65.9 70.1 67.7
2020-05-29 02:00 PM Michigan 5 Year Inflation Expectations Final May 2.7% 2.5% 2.6%
2020-05-29 02:00 PM Michigan Current Conditions Final May 82.3 74.3 83
2020-05-29 02:00 PM Michigan Inflation Expectations Final May 3.2% 2.1% 3.0%


News Stream
US Consumer Sentiment Revised Down in May
The University of Michigan's consumer sentiment for the US was revised lower to 72.3 in May of 2020 from a preliminary reading of 73.7 and remaining very close to an eight-year low of 71.8 reported in April. The current economic conditions sub-index was revised down to 82.3 from 83 and the expectations subindex to 65.9 from 67.7. Inflation expectations for the year ahead increased to 3.2% from 3% and the 5-year outlook to 2.7% from 2.6%. The CARES relief checks and higher unemployment payments have helped to stem economic hardship, but those programs have not acted to stimulate discretionary spending due to uncertainty about the future course of the coronavirus pandemic.
2020-05-29
US Consumer Sentiment Stronger than Forecast
The University of Michigan's consumer sentiment for the US rose to 73.7 in May 2020 recovering slightly from the previous month's eight-year low of 71.8 and above market expectations of 68, a preliminary estimate showed. Still, it was the second-lowest reading since December of 2011. The current economic conditions sub-index increased 8.7 points to 83.0, as the CARES relief checks improved consumers' finances and widespread price discounting boosted their buying attitudes. Despite these gains, personal financial prospects for the year ahead continued to weaken, falling to the lowest level in almost six years, with declines especially sharp among upper income households. Improved views on buying conditions due to discounted prices and low interest rates were partially offset by uncertainties about job and income prospects. The median expected inflation rate during the year ahead rose sharply to 3.0 percent from 2.1 percent in April.
2020-05-15
US Consumer Sentiment Revised Higher
The University of Michigan's consumer sentiment for the US was revised higher to 71.8 in April of 2020 from a preliminary of 71. Still, it remains the lowest reading since December of 2011 due to the coronavirus pandemic. Both current conditions (74.3 from 72.4) and expectations (70.1 from 70) were revised up while inflation expectations were left unchanged for both the year ahead (2.1 percent) and the next 5 years (2.5 percent). “In the weeks ahead, as several states reopen their economies, more information will reach consumers about how reopening could cause a resurgence in coronavirus infections. The necessity to reimpose restrictions could cause a deeper and more lasting pessimism across all consumers, even those in states that did not relax their restrictions.”, Richard Curtin, Surveys of Consumers chief economist said.
2020-04-24
US Consumer Sentiment Falls at Record Pace
The University of Michigan's consumer sentiment for the US fell to 71 in April of 2020 from 89.1 in March, missing market expectations of 75. It is the lowest reading since December of 2011 and the largest monthly decline ever recorded, preliminary estimates showed. Declines were seen for current conditions (72.4 from 103.7) and expectations (70 from 79.7). Inflation expectations for the year ahead dropped t 2.1 percent from 2.2 percent while the 5-year one increased to 2.5 percent from 2.3 percent. Data suggests that the free-fall in confidence would have been worse were it not for the expectation that the infection and death rates from covid-19 would soon peak and allow the economy to restart. However, anticipating a quick and sustained economic expansion is likely to be a failed expectation, resulting in a renewed and deeper slump in confidence.
2020-04-09

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.