The University of Michigan's consumer sentiment for the US was steady at 97.5 in December of 2018, the same as in the previous month and above market expectations of 97, preliminary estimates showed. In the last 2 years, consumer sentiment has been above 90, a pattern not seen since 1997 to 2000. Consumer Confidence in the United States averaged 86.45 Index Points from 1952 until 2018, reaching an all time high of 111.40 Index Points in January of 2000 and a record low of 51.70 Index Points in May of 1980.
Consumer Confidence in the United States is expected to be 93.00 Index 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 97.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 86.70 Index Points in 2020, according to our econometric models.