The University of Michigan's consumer sentiment for the US increased to 86.4 in June of 2021 from 82.9 in May, beating market forecasts of 84, preliminary estimates showed. Expectations soared (83.8 vs 78.8) and the current conditions gauge also edged up (90.6 vs 89.4). Meanwhile, inflation expectations for the year ahead fell to 4% from 4.6% and the 5-year outlook declined to 2.8% from 3%. 'Stronger growth in the national economy was anticipated, with an all-time record number of consumers anticipating a net decline in unemployment. Rising inflation remained a top concern of consumers, although the expected rate of inflation declined in early June', according to Surveys of Consumers chief economist, Richard Curtin. 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 June of 2021.

Consumer Confidence in the United States is expected to be 83.00 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
86.40 82.90 111.40 51.70 1952 - 2021 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-11 02:00 PM Michigan Current Conditions Prel Jun 90.6 89.4 92.3 89.7
2021-06-11 02:00 PM Michigan Inflation Expectations Prel Jun 4% 4.6% 4.8%
2021-06-11 02:00 PM Michigan Consumer Sentiment Prel Jun 86.4 82.9 84 83
2021-06-11 02:00 PM Michigan 5 Year Inflation Expectations Prel Jun 2.8% 3% 3.1%
2021-06-25 02:00 PM Michigan Consumer Sentiment Final Jun 82.9 86.4
2021-07-16 02:00 PM Michigan Consumer Sentiment Prel Jul
2021-07-30 02:00 PM Michigan Consumer Sentiment Final Jul
2021-08-13 02:00 PM Michigan Consumer Sentiment Prel Aug


News Stream
US Consumer Sentiment Tops Forecasts
The University of Michigan's consumer sentiment for the US increased to 86.4 in June of 2021 from 82.9 in May, beating market forecasts of 84, preliminary estimates showed. Expectations soared (83.8 vs 78.8) and the current conditions gauge also edged up (90.6 vs 89.4). Meanwhile, inflation expectations for the year ahead fell to 4% from 4.6% and the 5-year outlook declined to 2.8% from 3%. 'Stronger growth in the national economy was anticipated, with an all-time record number of consumers anticipating a net decline in unemployment. Rising inflation remained a top concern of consumers, although the expected rate of inflation declined in early June', according to Surveys of Consumers chief economist, Richard Curtin.
2021-06-11
US Consumer Sentiment Revised Slightly Higher
The University of Michigan's consumer sentiment for the US was revised slightly higher to 82.9 in May of 2021 from a preliminary 82.8, matching market forecasts. The reading still pointed to the lowest consumer confidence level in 3 months, amid falls in both current conditions (89.4 vs 97.2 in April) and expectations (78.8 vs 82.7). Meanwhile, inflation expectations remined elevated for the year ahead (4.6% vs 3.4%) and the next 5 years (3% vs 2.7%) . "It is hardly surprising that the resurgent strength of the economy produced more immediate gains in demand than supply, causing consumers to expect a surge in inflation. Record proportions of consumers reported higher prices across a wide range of discretionary purchases, including homes, vehicles, and household durables - the average change in May vastly exceeds all prior monthly changes".
2021-05-28
US Consumer Sentiment Sinks on Rising Inflation
The University of Michigan's consumer sentiment for the US fell to 82.8 in May of 2021 from 88.3 in April, well below forecasts of 90.4, preliminary estimates showed, due to rising inflation. Inflation expectations for the year ahead surged to 4.6% from 3.4% and the 5-year outlook to 3.1% from 2.7%, the highest levels in a decade. Rising inflation also meant that real income expectations were the weakest in five years. Meanwhile, the current economic conditions subindex went down to 90.8 from 97.2 and the expectations gauge declined to 77.6 from 82.7. "It should be no surprise that consumers anticipate a booming economy over the next year or so, including rapid job gains as well as increases in the inflation rate and interest rates. Indeed, consumers think these economic prospects are the natural result of stimulating an economic boom from last year's shutdown".
2021-05-14
US Consumer Sentiment Revised Higher
The University of Michigan's consumer sentiment for the US was revised higher to 88.3 in April of 2021 from a preliminary of 86.5 and above market expectations of 87.4. It was the highest reading since March 2020 due to a growing sense that the upward momentum in jobs and incomes will persist propelled by record federal stimulus spending and a growing share of the population who are vaccinated. There was an improvement in the expectations component (82.7 vs 79.7 in the preliminary release) while the assessment of current economic conditions remained unchanged at 97.2. On the price front, inflation expectations for the year ahead were revised lower to 3.4 percent from 3.7 percent and those for the next 5 years were unchanged at 2.7 percent. Overall, the data indicate an exceptional outlook for consumer spending through mid-2022.
2021-04-30

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.