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.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
76.80 79.00 111.40 51.70 1952 - 2021 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2021-02-26 03:00 PM Michigan Consumer Expectations Final Feb 70.7 74 69.8 69.8
2021-02-26 03:00 PM Michigan Current Conditions Final Feb 86.2 86.7 86.2 86.2
2021-02-26 03:00 PM Michigan 5 Year Inflation Expectations Final Feb 2.7% 2.7% 2.7% 2.7%
2021-02-26 03:00 PM Michigan Inflation Expectations Final Feb 3.3% 3% 3.3% 3.3%
2021-03-12 03:00 PM Michigan Consumer Sentiment Prel Mar 76.8 78.5 78
2021-03-26 02:00 PM Michigan Consumer Sentiment Final Mar
2021-04-16 02:00 PM Michigan Consumer Sentiment Prel Apr
2021-04-30 02:00 PM Michigan Consumer Sentiment Final Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Consumer Sentiment Revised Higher but Remains the Lowest in 6 Months
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".
2021-02-26
US Consumer Sentiment at 6-Month Low
The University of Michigan's consumer sentiment for the US fell to 76.2 in February of 2021 from 79 in January, well below market forecasts of 80.8. It is the lowest reading since August, preliminary estimates showed. Expectations slipped to 69.8 from 74 and the current conditions gauge fell to 86.2 from 86.7. Inflation expectations for the year ahead increased to 3.3% from 3% while the 5-year outlook was unchanged at 2.7%. "Consumer sentiment edged downward in early February, with the entire loss concentrated in the Expectation Index and among households with incomes below $75,000. Households with incomes in the bottom third reported significant setbacks in their current finances, with fewer of these households mentioning recent income gains than anytime since 2014. More surprising was the finding that consumers, despite the expected passage of a massive stimulus bill, viewed prospects for the national economy less favorably in early February than last month."
2021-02-12
US Consumer Sentiment Revised Lower
The University of Michigan's consumer sentiment for the US was revised lower to 79 in January of 2021 from a preliminary of 79.2 and below 80.7 in December. There was a decrease in the assessment of current economic conditions (86.7 vs 87.7 in the preliminary release) while the expectations component improved slightly (74 vs 73.8 in the preliminary release). On the price front, both inflation expectations for the year ahead and those for the next 5 years were unchanged at 3 percent and 2.5 percent, respectively. "The overall level of the Sentiment Index has shown only relatively small variations since the pandemic started, averaging 81.5 in 2020, marginally above January's 79.0. Needless to say, sentiment levels were well below the average of 97.0 from 2017 to 2019. Importantly, the level of key confidence indicators remained well above prior cyclical lows despite the sudden historic collapse in economic activity."
2021-01-29
US Consumer Morale Deteriorates in January
The University of Michigan's consumer sentiment for the US fell to 79.2 in January 2021, from the previous month's 80.7 and below market expectations of 80, a preliminary estimate showed. It has also remained well below pre-pandemic levels as the current economic conditions sub-index dropped to 87.7 from 90.0 and the gauge for consumer expectations decreased to 73.8 from 74.6. "Consumer sentiment posted trivial declines in early January despite the horrendous rise in covid-19 deaths, the insurrection, and the impeachment of Trump. Two offsetting shifts helped narrow the January loss in sentiment: the covid-19 vaccines and a partisan shift in expectations due to the anticipated impact of Biden's economic policies," Surveys of Consumers Chief Economist Richard Curtin said in a statement.
2021-01-15

United States 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.