United States Consumer Sentiment  1952-2018 | Data | Chart | Calendar

The University of Michigan's consumer sentiment for the US fell to 97.8 in April of 2018 from 101.4 in March and below market expectations of 100.5. Both current and future conditions subindexes declined, mainly due to concerns about the potential impact of President Trump's trade policies on the domestic economy, preliminary estimates showed. Consumer Confidence in the United States averaged 86.28 Index Points from 1952 until 2018, reaching an all time high of 111.40 Index Points in January of 2000 and a record low of 51.70 Index Points in May of 1980.

United States Consumer Sentiment
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US Consumer Sentiment Falls More than Expected


The University of Michigan's consumer sentiment for the US fell to 97.8 in April of 2018 from 101.4 in March and below market expectations of 100.5. Both current and future conditions subindexes declined, mainly due to concerns about the potential impact of President Trump's trade policies on the domestic economy, preliminary estimates showed.

The gauge of current conditions decreased to 115 from 121.2 in March and the expectations subindex also went down to 86.8 from 88.8. Inflation expectations for the year ahead eased to 2.7 percent from 2.8 percent in the previous month and the 5-year outlook edged down to 2.4 percent from 2.5 percent. 

Consumer sentiment slipped in early April, largely reversing the gains recorded in the prior two months. The small decline was widely shared by all age and income subgroups and across all regions of the country. Importantly, confidence still remains relatively high, despite the recent losses that were mainly due to concerns about the potential impact of Trump's trade policies on the domestic economy. Uncertainty surrounding the evolving trade policy has caused many small (and at times inconsistent) changes in expectations. Spontaneous references to trade policies were made by 29% of all consumers in early April, with nearly all the mentions negative (27% out of 29%). The Expectations Index was just 64.2 among those who made negative comments about trade policies, while among those who made no mention of trade policies, the Expectations Index was 93.9, a substantial difference. Consumers who negatively mentioned trade policies also anticipated that the year-ahead inflation rate would be 0.4 percentage points higher than among those who did not spontaneously mention Trump's trade policies; there was a differential of 0.2 percentage points for long term inflation expectations. There were other factors responsible for the small overall April decline, the most important was the expectation of rising interest rates, which slightly slowed the anticipated pace of growth in the economy. Overall, the data are consistent with a growth rate of 2.7% in consumption from mid-2018 to mid-2019.


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
4/13/2018 2:07:39 PM


Recent Releases

US Consumer Sentiment Revised Down, Remains Highest Since 2004
The University of Michigan's consumer sentiment for the US was revised down to 101.4 in March of 2018 from an initial estimate of 102. Still, the reading was higher than 99.7 in February and was the strongest since January 2004. The revision was due to uncertainty about the impact of the proposed trade tariffs.
Published on 2018-03-29

US Consumer Sentiment Highest in 14 Years
The University of Michigan's consumer sentiment for the US jumped to 102 in March from 99.7 in February, beating expectations of 99.3. It is the strongest reading since January 2004 as the assessment of current economic conditions reached a record high.
Published on 2018-03-16

US Consumer Sentiment Revised Slightly Down
The University of Michigan's consumer sentiment for the United States was revised down to 99.7 in February of 2018 from an initial estimate of 99.9. Still, it was higher than 95.7 in January and market expectations of 99.5. It is the second strongest reading since 2004, with consumers basing their optimism on favorable assessments of jobs, wages, and higher after-tax pay.
Published on 2018-03-02

US Consumer Sentiment Remains Strong
The University of Michigan's consumer sentiment for the United States increased to 99.9 in February of 2018, above 95.7 in January and better than market expectations of 95.5. It is the second strongest reading since 2004, preliminary estimates showed. Both current economic conditions and future expectations improved despite lower and much more volatile stock prices.
Published on 2018-02-16



Calendar GMT Actual Previous Consensus TEForecast
2018-03-16 02:00 PM Michigan Consumer Sentiment Prel 102 99.7 101.9 99.3
2018-03-29 02:00 PM Michigan Consumer Sentiment Final 101.4 99.7 102.0 102
2018-04-13 02:00 PM Michigan Consumer Sentiment Prel 97.8 101.4 100.5 100
2018-04-27 02:00 PM Michigan Consumer Sentiment Final 101.4 98 98
2018-05-11 02:00 PM Michigan Consumer Expectations Prel
2018-05-11 02:00 PM Michigan Consumer Sentiment Prel 99


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 97.80 101.40 111.40 51.70 Index Points [+]
Retail Sales MoM 0.60 -0.10 6.70 -3.70 percent [+]
Retail Sales YoY 4.50 4.10 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.20 0.20 2.70 -3.80 percent [+]
Consumer Spending 12035.23 11916.58 12035.23 1320.40 USD Billion [+]
Disposable Personal Income 14794.74 14730.76 14794.74 351.90 USD Billion [+]
Personal Spending 0.20 0.20 2.80 -2.00 percent [+]
Personal Income 0.40 0.40 4.60 -5.20 percent [+]
Personal Savings 3.40 3.20 17.00 1.90 percent [+]
Consumer Credit 10.60 15.60 118.60 -114.30 USD Billion [+]
Private Sector Credit 9199.21 9145.36 9463.65 39.04 USD Billion [+]
Bank Lending Rate 4.58 4.50 20.50 2.00 percent [+]
Economic Optimism Index 52.60 55.60 62.90 35.80 [+]
Redbook Index 3.00 2.90 7.60 -5.80 percent [+]
Chain Store Sales 3594.00 3246.00 15875.00 3146.00 USD Million [+]
Gasoline Prices 0.70 0.67 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 78.50 78.40 98.00 23.80 percent of GDP [+]
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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
97.80 101.40 111.40 51.70 1952 - 2018 Index Points Monthly
Volume, NSA, 1966=100




consumer confidence by Country
Country Last
Australia 102.40 Apr/18
Brazil 101.90 Mar/18
Canada 56.43 Apr/18
China 122.30 Mar/18
Euro Area 0.40 Apr/18
France 100.00 Mar/18
Germany 10.90 Apr/18
India 97.00 Dec/17
Indonesia 121.60 Mar/18
Italy 117.50 Mar/18
Japan 44.30 Mar/18
Mexico 84.49 Mar/18
Netherlands 25.00 Apr/18
Russia -8.00 Mar/18
South Korea 108.10 Mar/18
Spain 98.60 Mar/18
Switzerland 5.00 Mar/18
Turkey 71.90 Apr/18
United Kingdom -7.00 Mar/18
United States 97.80 Apr/18


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