The University of Michigan's consumer sentiment for the US rose to 86.5 in April 2021, from 84.9 in the previous month but below market expectations of 89.6, a preliminary estimate showed. It was the highest reading since March 2020, mainly due to improving current economic conditions, while future economic prospects remained unchanged. Year-ahead inflation expectations rose to 3.7 percent, the highest level in nearly a decade; while half of all consumers expected declines in unemployment, the highest level ever recorded. "Consumers in early April reported surging economic growth and strong job gains due to record stimulus spending, low interest rates, and the positive impact of vaccinations", Surveys of Consumers chief economist, Richard Curtin, said. "The strength in current economic conditions reflects much larger than usual stimulus payments during the past year, and much larger than usual economic gains due to comparisons with last year's shutdowns.", he added. source: University of Michigan

Consumer Confidence in the United States averaged 86.51 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 April of 2021.

Consumer Confidence in the United States is expected to be 85.00 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 83.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 84.00 points in 2022 and 85.00 points in 2023, according to our econometric models.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
86.50 84.90 111.40 51.70 1952 - 2021 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-16 02:00 PM Michigan Inflation Expectations Prel Apr 3.7% 3.1% 3.2%
2021-04-16 02:00 PM Michigan Consumer Sentiment Prel Apr 86.5 84.9 89.6 89.1
2021-04-16 02:00 PM Michigan 5 Year Inflation Expectations Prel Apr 2.7% 2.8% 2.8%
2021-04-16 02:00 PM Michigan Consumer Expectations Prel Apr 79.7 79.7 83.6 83.7
2021-04-30 02:00 PM Michigan Consumer Sentiment Final Apr 84.9 86.5
2021-05-14 02:00 PM Michigan Consumer Sentiment Prel May
2021-05-28 02:00 PM Michigan Consumer Sentiment Final May
2021-06-11 02:00 PM Michigan Consumer Sentiment Prel Jun


News Stream
US Consumer Sentiment at Over 1-Year High
The University of Michigan's consumer sentiment for the US rose to 86.5 in April 2021, from 84.9 in the previous month but below market expectations of 89.6, a preliminary estimate showed. It was the highest reading since March 2020, mainly due to improving current economic conditions, while future economic prospects remained unchanged. Year-ahead inflation expectations rose to 3.7 percent, the highest level in nearly a decade; while half of all consumers expected declines in unemployment, the highest level ever recorded. "Consumers in early April reported surging economic growth and strong job gains due to record stimulus spending, low interest rates, and the positive impact of vaccinations", Surveys of Consumers chief economist, Richard Curtin, said. "The strength in current economic conditions reflects much larger than usual stimulus payments during the past year, and much larger than usual economic gains due to comparisons with last year's shutdowns.", he added.
2021-04-16
US Consumer Sentiment Revised Higher to 1-Year High
The University of Michigan's consumer sentiment for the US was revised higher to a one-year high of 84.9 in March of 2021, up from a preliminary estimate of 83 and above market forecasts of 83.6. It was also the largest increase in consumer morale since May 2013, as households welcomed the third disbursement of relief checks and a better than anticipated vaccination progress. Meanwhile, expectations were revised higher to 79.7 from 77.5 and compared to February’s 70.7. The current conditions gauge rose to 93, above a preliminary of 91.5 and up from February’s 86.2. Inflation expectations for the year ahead decreased to 3.1% from 3.3% in the previous month, matching initial figures; while the 5-year outlook rose to 2.8% from 2.7%, above preliminary figures of 2.7%. "The data clearly point toward robust increases in consumer spending."
2021-03-26
US Consumer Sentiment at 1-Year High
The University of Michigan's consumer sentiment for the US jumped to 83 in March of 2021 from 76.8 in February, beating market forecasts of 78.5, preliminary estimates showed. It is the highest reading since March of 2020, due to the growing number of vaccinations as well as the widely anticipated passage of Biden's relief measures. Both current conditions (91.5 vs 86.2) and expectations (77.5 vs 70.7) improved. Also, inflation expectations for the year ahead slowed (3.1 percent vs 3.3 percent) while the 5-year outlook was flat at 2.7 percent. Overall, the data indicate strong growth in consumer spending during the year ahead, with the largest percentage gains for services, including travel and restaurants, and the smallest increases for vehicles and homes.
2021-03-12
US Consumer Sentiment Revised Higher but Remains the Lowest in 6 Months
The University of Michigan's consumer sentiment for the US was revised higher to 76.8 in February of 2021 from 79 in the previous month and compared with market forecasts of 76.5. Still, it is the lowest reading in 6 months as households with incomes below $75,000 become less optimistic with declines mainly concentrated in future economic prospects. Meanwhile, expectations were revised higher to 70.7 from 69.8 but remained below 74 in January and the current conditions gauge fell to 86.2 from 86.7, the same as in the preliminary estimate. Inflation expectations for the year ahead increased to 3.3% from 3% in the previous month while the 5-year outlook was unchanged at 2.7%, matching initial figures. "While consumers clearly anticipate a spurt in inflation in the year ahead, the overall evidence does not indicate the emergence of an inflationary psychology that makes the expectation of inflation a self-fulfilling prophecy".
2021-02-26

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.