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.

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United States Michigan Consumer Sentiment



Calendar GMT Actual Previous Consensus TEForecast
2022-06-10 02:00 PM Michigan Consumer Sentiment Prel Jun 50.2 58.4 58 59
2022-06-24 02:00 PM Michigan Consumer Sentiment Final Jun 50 58.4 50.2 50.2
2022-07-15 02:00 PM Michigan Consumer Sentiment Prel Jul 50


Related Last Previous Unit Reference
Consumer Confidence 50.00 58.40 points Jun 2022
Michigan Inflation Expectations 5.30 5.30 percent Jun 2022
Michigan Current Economic Conditions 53.80 63.30 points Jun 2022
Michigan Consumer Expectations 47.50 55.20 points Jun 2022
Michigan 5 Year Inflation Expectations 3.10 3.00 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
50.00 58.40 111.40 50.00 1952 - 2022 points Monthly
1966Q1=100, NSA

News Stream
Michigan Consumer Sentiment Hits Record Low
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%.
2022-06-24
Michigan Consumer Sentiment at Record Low
The Michigan consumer sentiment in the US fell sharply to a record low of 50.2 in June of 2022, well below market forecasts of 58, preliminary figures showed. The current economic conditions subindex sank to an all-time low of 55.4 (vs 63.3 in May) and the expectations gauge plunged to 46.8, the lowest since May of 1980. Consumers' assessments of their personal financial situation worsened about 20%. 46% of consumers attributed their negative views to inflation, the biggest share since 1981, during the Great Recession. Inflation expectations for the year ahead went up to 5.4% from 5.3% and the 5-year outlook to 3.3%, the highest since June of 2008. Consumers expect gas prices to continue to rise a median of 25 cents over the next year, more than double the May reading.
2022-06-10
US Consumer Sentiment Revised Lower in May
The University of Michigan consumer sentiment for the US was revised down to 58.4 in May of 2022, the lowest since August 2011, from a preliminary reading of 59.1. Consumers continued to have negative views on current buying conditions for houses and durables, as well as the future outlook for the economy, primarily due to concerns over inflation. At the same time, consumers expressed less pessimism over future prospects for their personal finances than over future business conditions. The gauge for current conditions fell to 63.3 from a preliminary of 63.6 and the expectations subindex declined to 55.2 from 56.3 in the first estimate. Meanwhile, inflation expectations for the year ahead dropped to 5.3% from 5.4% but the 5-year outlook was unchanged at 3%.
2022-05-27