The University of Michigan's consumer sentiment for the US fell to 79.2 in January 2021, from the previous month's 80.7 and below market expectations of 80, a preliminary estimate showed. It has also remained well below pre-pandemic levels as the current economic conditions sub-index dropped to 87.7 from 90.0 and the gauge for consumer expectations decreased to 73.8 from 74.6. "Consumer sentiment posted trivial declines in early January despite the horrendous rise in covid-19 deaths, the insurrection, and the impeachment of Trump. Two offsetting shifts helped narrow the January loss in sentiment: the covid-19 vaccines and a partisan shift in expectations due to the anticipated impact of Biden's economic policies," Surveys of Consumers Chief Economist Richard Curtin said in a statement. source: University of Michigan
Consumer Confidence in the United States averaged 86.53 points from 1952 until 2021, 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 January of 2021.
Consumer Confidence in the United States is expected to be 95.00 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 88.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 95.00 points in 2022, according to our econometric models.