The University of Michigan's consumer sentiment for the US was revised higher to 76.8 in February of 2021 from 79 in the previous month and compared with market forecasts of 76.5. Still, it is the lowest reading in 6 months as households with incomes below $75,000 become less optimistic with declines mainly concentrated in future economic prospects. Meanwhile, expectations were revised higher to 70.7 from 69.8 but remained below 74 in January and the current conditions gauge fell to 86.2 from 86.7, the same as in the preliminary estimate. Inflation expectations for the year ahead increased to 3.3% from 3% in the previous month while the 5-year outlook was unchanged at 2.7%, matching initial figures. "While consumers clearly anticipate a spurt in inflation in the year ahead, the overall evidence does not indicate the emergence of an inflationary psychology that makes the expectation of inflation a self-fulfilling prophecy". source: University of Michigan
Consumer Confidence in the United States averaged 86.51 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 Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Consumer Confidence in the United States is expected to be 95.00 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 88.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 95.00 points in 2022, according to our econometric models.