The University of Michigan consumer sentiment for the US was revised lower to 67.2 in January of 2022, the lowest level since November 2011, compared to a preliminary of 68.8. Both current conditions (72 vs preliminary of 73.2) and expectations (64.1 vs 65.9) were revised down. Inflation expectations were confirmed at 4.9% for the year ahead and 3.1% for the next five years. According to Richard Curtin, Surveys of Consumers chief economist, "the Delta and Omicron variants were largely responsible, but other factors, some of which were initially triggered by covid, have become independent forces shaping sentiment. Overall confidence in government economic policies is at its lowest level since 2014. Although their primary concern is rising inflation and falling real incomes, consumers may misinterpret the Fed's policy moves to slow the economy as part of the problem rather than part of the solution". source: University of Michigan
Consumer Confidence in the United States averaged 86.34 points from 1952 until 2022, 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 Michigan Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Consumer Confidence in the United States is expected to be 68.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Michigan Consumer Sentiment is projected to trend around 85.00 points in 2023, according to our econometric models.