The University of Michigan consumer sentiment for the US increased to 55.1 in August of 2022 from 51.5 in July, beating market forecasts of 52.5, preliminary estimates showed. The expectations gauge went up to 54.9 from 47.3 but the current economic conditions subindex declined to 55.5 from 58.1. Inflation expectations for the year ahead decreased to 5%, the lowest since February, from 5.2% but still well above the 4.6% reading from a year ago. Meanwhile, the 5-year inflation outlook rose slightly to 3% from 2.9% in the previous month. source: University of Michigan

Consumer Confidence in the United States averaged 86.01 points from 1952 until 2022, reaching an all time high of 111.40 points in January of 2000 and a record low of 50 points in June of 2022. 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 Michigan Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Consumer Confidence in the United States is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Michigan Consumer Sentiment is projected to trend around 60.00 points in 2023 and 55.00 points in 2024, according to our econometric models.

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United States Michigan Consumer Sentiment



Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 02:00 PM Michigan Consumer Sentiment Final Jul 51.5 50 51.1 51.1
2022-08-12 02:00 PM Michigan Consumer Sentiment Prel Aug 55.1 51.5 52.5 51.3
2022-08-26 02:00 PM Michigan Consumer Sentiment Final Aug


Related Last Previous Unit Reference
Consumer Confidence 55.10 51.50 points Aug 2022
Michigan Inflation Expectations 5.00 5.20 percent Aug 2022
Michigan Current Economic Conditions 55.50 58.10 points Aug 2022
Michigan Consumer Expectations 54.90 47.30 points Aug 2022
Michigan 5 Year Inflation Expectations 3.00 2.90 percent Aug 2022

United States Michigan 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.
Actual Previous Highest Lowest Dates Unit Frequency
55.10 51.50 111.40 50.00 1952 - 2022 points Monthly
1966Q1=100, NSA

News Stream
US Consumer Sentiment Beats Forecasts
The University of Michigan consumer sentiment for the US increased to 55.1 in August of 2022 from 51.5 in July, beating market forecasts of 52.5, preliminary estimates showed. The expectations gauge went up to 54.9 from 47.3 but the current economic conditions subindex declined to 55.5 from 58.1. Inflation expectations for the year ahead decreased to 5%, the lowest since February, from 5.2% but still well above the 4.6% reading from a year ago. Meanwhile, the 5-year inflation outlook rose slightly to 3% from 2.9% in the previous month.
2022-08-12
US Consumer Sentiment Rebounds from Record Low
The University of Michigan consumer sentiment rose to 51.5 in July of 2022 from a record low of 50 in June, in line with preliminary estimates. The current economic conditions subindex was revised higher to 58.1 from a preliminary of 57.1 while the expectations gauge was unchanged at 47.3, the lowest since 2009. At the same time, concerns over global factors have eased somewhat. This easing provided some limited support to buying conditions for durables, which remained near the all-time low reached last month, as well as a modest retreat in long run inflation expectations. The final July reading of the median expected year-ahead inflation rate was 5.2%, little changed from mid-month or the preceding two months. Long run expectations came in at 2.9%, remaining within the 2.9-3.1% range seen in the past 11 months.
2022-07-29
US Consumer Sentiment Rebounds from Record Low
The University of Michigan consumer sentiment for the US increased to 51.1 in July of 2022 from a record low of 50 in June, beating market forecasts of 49.9, preliminary estimates showed. The current economic conditions subindex went up to 57.1 from 53.8 but the expectations gauge declined further to 47.3, the lowest since May of 1980, from 47.5. Meanwhile inflation expectations declined for both the year-ahead (5.2% vs 5.3%) and the 5-year outlook (2.8% vs 3.1%). "Consumers remained in agreement over the deleterious effect of prices on their personal finances. The share of consumers blaming inflation for eroding their living standards continued its rise to 49%, matching the all-time high reached during the Great Recession. These negative views endured in the face of the recent moderation in gas prices at the pump", according to the University of Michigan.
2022-07-15