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.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
89.10 101.00 111.40 51.70 1952 - 2020 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-27 02:00 PM Michigan Consumer Expectations Final Mar 79.7 92.1 82
2020-03-27 02:00 PM Michigan 5 Year Inflation Expectations Final Mar 2.3% 2.3% 2.3%
2020-03-27 02:00 PM Michigan Current Conditions Final Mar 103.7 114.8 110.5
2020-03-27 02:00 PM Michigan Inflation Expectations Final Mar 2.2% 2.4% 2.3%


News Stream
US Consumer Sentiment Falls the Most in Near 50 Years
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
2020-03-27
US Consumer Sentiment Drops to 5-Month Low
The University of Michigan's consumer sentiment for the US fell to 95.9 in March of 2020 from 101 in the previous month but above market consensus of 95, a preliminary estimate showed. That was the lowest reading since October, due to the spreading coronavirus and the steep declines in stock prices.
2020-03-13
US Consumer Sentiment Slightly Higher than Anticipated
The University of Michigan consumer sentiment index was revised slightly higher to 101 in February of 2020 from a preliminary of 100.9. It is the highest reading since March of 2018. The gauge for current conditions was higher than expected (114.8 from a preliminary of 113.8) while expectations rose less (92.1 from 92.6). Inflation for the year ahead was seen at 2.4%, down from a preliminary of 2.5% while those for the five-year outlook fell were unchanged at 2.3%. The coronavirus was mentioned by 8% of all consumers in February although on the last days of the February survey, 20% mentioned the coronavirus due to the steep drop in equity prices as well as the CDC warnings about the potential domestic threat of the virus. While too few cases were conducted to attach any statistical significance to the findings, it is nonetheless true that the domestic spread of the virus could have a significant impact on consumer spending.
2020-02-28
US Consumer Sentiment at Near 2-Year High
The University of Michigan consumer sentiment index in the US increased to 100.9 in February of 2020 from 99.8 in January, beating market forecasts of 99.5, preliminary estimates showed. It is the highest reading since March of 2018 amid improving expectations (92.6 from 90.5) while the gauge for current conditions declined (113.8 from 114.4). Inflation expectations for the year ahead were steady at 2.5 percent while those for the five-year outlook fell to 2.3 percent from 2.5 percent. Current personal finances as well as evaluations of the national economy each posted large gains, while consumers' views on buying conditions for household durables posted a significant loss.
2020-02-14

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.