The University of Michigan's consumer sentiment for the US was revised higher to 67.4 in November of 2021 from a preliminary of 66.8 and above market expectations of 66.9. It was still the lowest reading since November 2011. The gauge for expectations was revised higher to 63.5 from 63 and the current conditions subindex was revised higher to 73.6 from 73.2. Inflation expectations for the year ahead increased to 4.9% from 4.8% in the previous month, matching initial figures while the 5-year outlook went up to 3% from 2.9%, above preliminary figures of 2.9%. Consumers expressed less optimism in the November 2021 survey than any other time in the past decade about prospects for their own finances as well as for the overall economy. The decline was due to a combination of rapidly escalating inflation combined with the absence of federal policies that would effectively redress the inflationary damage to household budgets. source: University of Michigan

Consumer Confidence in the United States averaged 86.39 points from 1952 until 2021, 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 December of 2021.

Consumer Confidence in the United States is expected to be 64.00 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 84.00 points in 2022 and 85.00 points in 2023, according to our econometric models.

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United States Michigan Consumer Sentiment


Calendar GMT Actual Previous Consensus TEForecast
2021-11-12 03:00 PM Michigan Consumer Sentiment Prel Nov 66.8 71.7 72.4 71
2021-11-24 03:00 PM Michigan Consumer Sentiment Final Nov 67.4 71.7 66.9 66.8
2021-12-10 03:00 PM Michigan Consumer Sentiment Prel Dec 67.4 67 67


Related Last Previous Unit Reference
Consumer Confidence 67.40 71.70 points Nov/21
Michigan Inflation Expectations 4.90 4.80 percent Nov/21
Michigan Current Economic Conditions 73.60 77.70 points Nov/21
Michigan Consumer Expectations 63.50 67.90 points Nov/21
Michigan 5 Year Inflation Expectations 3.00 2.90 percent Nov/21

News Stream
US Consumer Sentiment Revised Higher
The University of Michigan's consumer sentiment for the US was revised higher to 67.4 in November of 2021 from a preliminary of 66.8 and above market expectations of 66.9. It was still the lowest reading since November 2011. The gauge for expectations was revised higher to 63.5 from 63 and the current conditions subindex was revised higher to 73.6 from 73.2. Inflation expectations for the year ahead increased to 4.9% from 4.8% in the previous month, matching initial figures while the 5-year outlook went up to 3% from 2.9%, above preliminary figures of 2.9%. Consumers expressed less optimism in the November 2021 survey than any other time in the past decade about prospects for their own finances as well as for the overall economy. The decline was due to a combination of rapidly escalating inflation combined with the absence of federal policies that would effectively redress the inflationary damage to household budgets.
2021-11-24
US Consumer Sentiment Tumbles to Decade Low
The University of Michigan's consumer sentiment for the US fell to 66.8 in November of 2021 from 71.7 in October and below market expectations of 72.4, preliminary estimates showed. It was the lowest reading since November 2011 due to an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation. The gauge of current conditions dropped to 73.2 from 77.7 while the expectations subindex went down to 62.8 from 67.9. Meanwhile, inflation expectations for the year-ahead edged up to 4.9% from 4.8% while the 5-year outlook was unchanged at 2.9%.
2021-11-12
US Consumer Sentiment Revised Up
The University of Michigan's consumer sentiment for the US was revised slightly higher to 71.7 in October of 2021 from a preliminary of 71.4. The expectations subindex was revised up to 67.9 from a preliminary of 67.2 while the gauge of current conditions dropped to 77.7 from a preliminary of 77.9. Meanwhile, inflation expectations for the year-ahead were at 4.8% while the 5-year outlook increased to 2.9% from a preliminary of 2.8%. The positive impact of higher income expectations and the receding coronavirus has been offset by higher rates of inflation and falling confidence in government economic policies.
2021-10-29

United States Michigan 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.