The University of Michigan's consumer sentiment for the US fell to 90.7 in January of 2019 from 98.3 in December, well below market expectations of 97. It is the lowest reading since October of 2016. The decline was primarily focused on prospects for the domestic economy, with the year-ahead outlook for the national economy judged the worst since mid 2014. Consumer Confidence in the United States averaged 86.46 Index Points from 1952 until 2019, reaching an all time high of 111.40 Index Points in January of 2000 and a record low of 51.70 Index Points in May of 1980.
Consumer Confidence in the United States is expected to be 95.00 Index 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 92.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 86.70 Index Points in 2020, according to our econometric models.