The University of Michigan consumer sentiment was downwardly revised to a record low of 50.0 in June of 2022, from a preliminary reading of 50.2. The current economic conditions subindex sank to an all-time low of 53.8 (vs. 63.3 in May), and the expectations gauge plunged to 47.5. About 79% of consumers expected bad times in the year ahead for business conditions, the highest since 2009. Inflation expectations for the year ahead stood at 5.4%, little changed from a preliminary reading or the preceding four months. Meanwhile, the 5-year inflation outlook rose slightly to 3.1% from 3% in the previous month but decreased from its mid-month reading of 3.3%. source: University of Michigan
Consumer Confidence in the United States averaged 86.12 points from 1952 until 2022, reaching an all time high of 111.40 points in January of 2000 and a record low of 50 points in June of 2022. 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 June of 2022.
Consumer Confidence in the United States is expected to be 50.20 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 60.00 points in 2023 and 55.00 points in 2024, according to our econometric models.