The University of Michigan's consumer sentiment for the US was revised down to 89.1 in March of 2020 from a preliminary of 95.9 and 101 in February. It is the lowest reading since October of 2016 and the fourth largest one-month decline in nearly a half century. Both current conditions (103.7 from 114.8) and consumer expectations (79.7 from 92.1) fell sharply due to the spreading coronavirus and the steep declines in stock prices. Inflation expectations for the year ahead eased to 2.2 percent from 2.4 percent while those for the next 5 years were flat at 2.3 percent. The extent of additional declines in April will depend on the success in curtailing the spread of the virus and how quickly households receive funds to relieve their financial hardships
Consumer Confidence in the United States averaged 86.69 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 March of 2020. source: University of Michigan
Consumer Confidence in the United States is expected to be 90.10 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 65.00 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.