The University of Michigan's consumer sentiment for the US was revised lower to 76.9 in November of 2020 from a preliminary of 77 and below 81.8 in October. It is the lowest reading since August. There was a significant decline in the expectations component (70.5 vs 71.3 in the preliminary release) which was partially offset by more favorable assessments of current economic conditions (87 vs 85.8). Meantime, inflation expectations were left unchanged for both the year ahead (2.8 percent) and the next 5 years (2.6 percent). The November data were less optimistic than last month due to the resurgence in covid infections and deaths as well as partisan shifts due to the outcome of the presidential election. For the first time since Trump entered office, Democrats rather than Republicans held a more optimistic economic outlook. source: University of Michigan

Consumer Confidence in the United States averaged 86.55 points from 1952 until 2020, 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 November of 2020.

Consumer Confidence in the United States is expected to be 76.00 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 82.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 88.00 points in 2021 and 95.00 points in 2022, according to our econometric models.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
76.90 81.80 111.40 51.70 1952 - 2020 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-25 03:00 PM Michigan Consumer Expectations Final Nov 70.5 79.2 71.3 71.3
2020-11-25 03:00 PM Michigan 5 Year Inflation Expectations Final Nov 2.6% 2.4% 2.6% 2.6%
2020-11-25 03:00 PM Michigan Consumer Sentiment Final Nov 76.9 81.8 77 77
2020-11-25 03:00 PM Michigan Current Conditions Final Nov 87.0 85.9 85.8 85.8
2020-12-11 03:00 PM Michigan Consumer Expectations Prel Dec 70.5
2020-12-11 03:00 PM Michigan Consumer Sentiment Prel Dec 76.9 75
2020-12-11 03:00 PM Michigan 5 Year Inflation Expectations Prel Dec 2.6%
2020-12-11 03:00 PM Michigan Inflation Expectations Prel Dec 2.8%


News Stream
US Consumer Sentiment Revised Lower
The University of Michigan's consumer sentiment for the US was revised lower to 76.9 in November of 2020 from a preliminary of 77 and below 81.8 in October. It is the lowest reading since August. There was a significant decline in the expectations component (70.5 vs 71.3 in the preliminary release) which was partially offset by more favorable assessments of current economic conditions (87 vs 85.8). Meantime, inflation expectations were left unchanged for both the year ahead (2.8 percent) and the next 5 years (2.6 percent). The November data were less optimistic than last month due to the resurgence in covid infections and deaths as well as partisan shifts due to the outcome of the presidential election. For the first time since Trump entered office, Democrats rather than Republicans held a more optimistic economic outlook.
2020-11-25
US Consumer Sentiment Disappoints
The University of Michigan's consumer sentiment decreased to 77 in November of 2020 from 81.8 in October and against market expectations of 82, a preliminary estimate showed. It is the lowest reading since August as consumers judged future economic prospects less favorably (71.3 vs 79.2 in October), while their assessments of current economic conditions remained largely unchanged (85.8 vs 85.9). Meantime, inflation expectations for the year ahead increased to 2.8% from 2.6% and the 5-year outlook to 2.6% from 2.4%. The outcome of the presidential election as well as the resurgence in covid infections and deaths were responsible for the early November decline. Interviews conducted following the election recorded a substantial negative shift in Republicans’ expectations and no gain among Democrats.
2020-11-13
US Consumer Sentiment Reamins Strongest Since March
The University of Michigan's consumer sentiment was revised slightly higher to 81.8 in October of 2020, reaching the highest since March. Still, the sentiment remains much below 101 reported in February, before the coronavirus pandemic started. Improvements were seen in both expectations (79.2 vs 78.8 in the advance estimate) and current conditions (85.9 vs 84.9). On the price front, inflation expectations for the year ahead were revised lower to 2.6 percent from 2.7 percent and those for the next 5 years were unchanged at 2.4 percent. "Consumer sentiment remained virtually unchanged from the first half of October (+0.6 points) and was insignificantly different from last month's figure (+1.4 points). Fear and loathing produced this false sense of stability. Fears were generated by rising covid infection and death rates, and loathing was generated by the hyper-partisanship that has driven the election to ideological extremes", Surveys of Consumers chief economist, Richard Curtin said.
2020-10-30
US Consumer Sentiment Improves Further
The University of Michigan's consumer sentiment increased to 81.2 in October of 2020 from 80.4 in September but still remains way below pre-coronavirus levels. Expectations subindex improved (78.8 vs 75.6) as all respondents see Biden's advantage growing to 7 in the early October survey from 1 percentage point from July to September. In contrast, the gauge for current conditions declined (84.9 vs 87.8), amid slowing employment growth, the resurgence in covid-19 infections, and the absence of additional federal relief payments. On the price front, inflation expectations for the year ahead edged up to 2.7 percent from 2.6 percent and those for the next 5 years slowed to 2.4 percent from 2.7 percent.
2020-10-16

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.