United States Consumer Sentiment  1952-2017 | Data | Chart | Calendar

The University of Michigan's consumer sentiment for the United States went down to 94.5 in June of 2017 from 97.1 in May and well below market expectations of 97. It is the lowest reading in seven months as both present and future expectations declined, preliminary estimates showed. The recent erosion of confidence was due to more negative perceptions of the proposed economic policies among Democrats and the reduced likelihood of passage of these policies among Republicans. Consumer Confidence in the United States averaged 86.07 from 1952 until 2017, reaching an all time high of 111.40 in January of 2000 and a record low of 51.70 in May of 1980.

United States Consumer Sentiment
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-16 02:00 PM Jun 94.5 97.1 97 96.9
2017-06-16 02:00 PM Jun 109.6 111.7
2017-06-16 02:00 PM Jun 84.7 87.7
2017-06-30 02:00 PM Jun 111.7 109.6
2017-06-30 02:00 PM Jun 2.4% 2.6%
2017-06-30 02:00 PM Jun 2.6% 2.6%




US Consumer Sentiment Falls To 7-Month Low


The University of Michigan's consumer sentiment for the United States went down to 94.5 in June of 2017 from 97.1 in May and well below market expectations of 97. It is the lowest reading in seven months as both present and future expectations declined, preliminary estimates showed. The recent erosion of confidence was due to more negative perceptions of the proposed economic policies among Democrats and the reduced likelihood of passage of these policies among Republicans.

The barometer for current economic conditions fell to 109.6 from 11.7 and the gauge of future expectations declined to 84.7 from 87.7.

Americans expect the inflation rate to be 2.6 percent next year, the same as in May and 2.6 percent in the next 5 years (2.4 percent in May).

The modest early June drop of 2.6 points in the Sentiment Index masks a much larger decline since June 8th. Prior to that date the Sentiment Index had averaged 97.7, but since June 8th, the Index fell to 86.7, a decline of 11.0 points. While this break corresponds with James Comey's testimony, only a few consumers spontaneously referred to him or his testimony when asked to explain their views. Importantly, the decline was observed across all political parties, but the loss in confidence among self-identified Republicans since June 8th was larger than among Democrats (9.2 vs. 6.8 Index-points), with Independents showing the greatest falloff (11.5 Index-points). The size of the partisan difference between Democrats and Republicans in the Expectations Index, however, was largely unchanged (55.6 Index-points prior to June 8th, and 51.2 after). The recent erosion of confidence was due to more negative perceptions of the proposed economic policies among Democrats and the reduced likelihood of passage of these policies among Republicans. Fortunately, a strong job market, improved household income and wealth have provided a financial buffer against rising uncertainties. Nonetheless, consumers have become less optimistic about the future course of the domestic economy. Even with the expected bounce back in spending in the current quarter, personal consumption is expected to advance by 2.3% for all of 2017.

University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
6/16/2017 2:12:37 PM



United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 94.50 97.10 111.40 51.70 [+]
Retail Sales MoM -0.30 0.40 6.70 -3.70 percent [+]
Retail Sales YoY 3.80 4.60 11.20 -11.50 percent [+]
Retail Sales Ex Autos -0.30 0.40 2.70 -3.80 percent [+]
Consumer Spending 11688.50 11669.80 11688.50 1320.40 USD Billion [+]
Disposable Personal Income 14432.50 14428.50 14432.50 351.90 USD Billion [+]
Personal Spending 0.40 0.30 2.80 -2.00 percent [+]
Personal Income 0.40 0.20 4.60 -5.20 percent [+]
Personal Savings 5.30 5.30 17.00 1.90 percent [+]
Consumer Credit 8.20 19.50 118.60 -17.80 USD Billion [+]
Private Sector Credit 9220.64 9177.64 9220.64 39.04 USD Billion [+]
Bank Lending Rate 4.00 4.00 20.50 2.00 percent [+]
Economic Optimism Index 51.30 51.30 62.90 35.80 [+]
Redbook Index 2.80 2.10 7.60 -5.80 percent [+]
Gasoline Prices 0.63 0.64 0.99 0.32 USD/Liter [+]
Households Debt To Gdp 79.50 79.40 95.50 23.40 percent of GDP [+]
Chain Store Sales 4254.00 4223.00 15875.00 3129.00 USD Million [+]


United States Consumer Sentiment Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
94.50 97.10 111.40 51.70 1952 - 2017 Monthly
Volume, NSA, 1966=100



consumer confidence by Country

Last
Australia 96.23 Jun/17
Brazil 100.50 Jun/17
Canada 53.43 Jun/17
China 112.00 May/17
Euro Area -1.30 Jun/17
France 102.00 May/17
Germany 10.40 Jun/17
India 136.00 Dec/16
Indonesia 125.90 May/17
Italy 105.40 May/17
Japan 43.60 May/17
Mexico 85.78 May/17
Netherlands 23.00 Jun/17
Russia -15.00 Mar/17
South Korea 111.10 Jun/17
Spain 105.40 May/17
Switzerland -8.00 Jun/17
Turkey 70.00 Jun/17
United Kingdom -5.00 May/17
United States 94.50 Jun/17