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

The University of Michigan's consumer sentiment for the US was steady at 98.8 in May of 2018, the same as in April and slightly above market expectations of 98.5. Preliminary figures pointed to a small uptick in near term inflation, a fall in income expectations, and stabilization of the unemployment rate at decade lows. Consumer Confidence in the United States averaged 86.31 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 Unchanged in May


The University of Michigan's consumer sentiment for the US was steady at 98.8 in May of 2018, the same as in April and slightly above market expectations of 98.5. Preliminary figures pointed to a small uptick in near term inflation, a fall in income expectations, and stabilization of the unemployment rate at decade lows.

The expectations subindex rose to 89.5 from 88.4 in April while the gauge for current condtions fell to 113.3 from 114.9. Inflation expectations for the year ahead edged up to 2.8 percent from 2.7 percent. The 5-year outlook for inflation was unchanged at 2.5 percent.

The data will thus provide some additional points for both sides in the debate about the timing and number of future interest rate hikes. Eight-in-ten consumers anticipated interest rate hikes during the year ahead, and fewer consumers anticipated further declines in the unemployment rate--although all of the shift was toward the expectation of a stable unemployment rate rather than an increased rate. Consumers have a remarkable track record for anticipating changes in the actual unemployment rate, as shown in the accompanying chart. Overall, the data are consistent with a growth rate of 2.7% in real personal consumption from the second half of 2018 to first half of 2019.


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
5/11/2018 2:09:34 PM


Recent Releases

US Consumer Sentiment Revised Higher in April
The University of Michigan's consumer sentiment for the US was revised higher to 98.8 in April of 2018 from 97.8 in the preliminary estimate as expectations fell less than initially estimated. It compares with 101.4 in March which was the highest reading since January 2004. The final April figure was close to the 2018 average of 98.9 which was higher than any other yearly average since 107.6 in 2000.
Published on 2018-04-27

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.
Published on 2018-04-13

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



Calendar GMT Actual Previous Consensus TEForecast
2018-04-27 02:00 PM Michigan Consumer Sentiment Final 98.8 101.4 98 98
2018-05-11 02:00 PM Michigan Consumer Sentiment Prel 98.8 98.8 98.5 98
2018-05-11 02:00 PM Michigan Consumer Expectations Prel 89.5 88.4 88
2018-05-25 02:00 PM Michigan Consumer Sentiment Final 98.8 99.0 98.8
2018-06-15 02:00 PM Michigan Consumer Sentiment Prel 99
2018-06-29 02:00 PM Michigan Consumer Sentiment Final


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 98.80 98.80 111.40 51.70 Index Points [+]
Retail Sales MoM 0.30 0.80 6.70 -3.70 percent [+]
Retail Sales YoY 4.70 4.90 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.30 0.40 2.70 -3.80 percent [+]
Consumer Spending 12066.82 12035.23 12066.82 1320.40 USD Billion [+]
Disposable Personal Income 14809.91 14794.74 14809.91 351.90 USD Billion [+]
Personal Spending 0.40 0.00 2.80 -2.00 percent [+]
Personal Income 0.30 0.30 4.60 -5.20 percent [+]
Personal Savings 3.10 3.40 17.00 1.90 percent [+]
Consumer Credit 11.60 13.60 118.10 -113.40 USD Billion [+]
Private Sector Credit 9246.46 9199.21 9463.65 39.04 USD Billion [+]
Bank Lending Rate 4.75 4.58 20.50 2.00 percent [+]
Economic Optimism Index 53.60 52.60 62.90 35.80 [+]
Redbook Index 4.90 4.20 7.60 -5.80 percent [+]
Chain Store Sales 4245.00 3594.00 15875.00 3146.00 USD Million [+]
Gasoline Prices 0.75 0.70 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
98.80 98.80 111.40 51.70 1952 - 2018 Index Points Monthly
Volume, NSA, 1966=100




consumer confidence by Country
Country Last
Australia 101.80 May/18
Brazil 102.20 Apr/18
Canada 53.94 May/18
China 122.30 Mar/18
Euro Area 0.40 Apr/18
France 101.00 Apr/18
Germany 10.80 May/18
India 97.00 Dec/17
Indonesia 122.20 Apr/18
Italy 117.10 Apr/18
Japan 43.60 Apr/18
Mexico 86.45 Apr/18
Netherlands 25.00 Apr/18
Russia -8.00 Mar/18
South Korea 107.00 Apr/18
Spain 99.90 Apr/18
Switzerland 2.00 Jun/18
Turkey 71.90 Apr/18
United Kingdom -9.00 Apr/18
United States 98.80 May/18


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