The University of Michigan consumer sentiment index in the US came in at 99.1 in January 2020, little-changed from the previous month's 99.3 and slightly below market expectations of 99.3, a preliminary estimate showed. The current conditions sub-index rose slightly to 115.8 from 115.5 in December, while the gauge of expectations fell to 88.3 from 88.9. Consumers are seen supporting the current expansion for a period of time due to their favorable judgements about their current and prospective financial situation. The 12-month inflation expectations rose to 2.5 percent from 2.3 percent last month, while the five-year inflation expectations increased also to 2.5 percent from 2.2 percent. Consumer Confidence in the United States averaged 86.66 points from 1952 until 2020, 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. source: University of Michigan

Consumer Confidence in the United States is expected to be 98.40 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 86.70 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 85.00 points in 2020, according to our econometric models.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
99.10 99.30 111.40 51.70 1952 - 2020 points Monthly
Volume, NSA, 1966=100

Calendar GMT Actual Previous Consensus TEForecast
2020-01-17 03:30 PM Michigan 5 Year Inflation Expectations Prel Jan 2.5% 2.2%
2020-01-17 03:30 PM Michigan Inflation Expectations Prel Jan 2.5% 2.3%
2020-01-17 03:30 PM Michigan Current Conditions Prel Jan 115.8 115.5 115
2020-01-17 03:30 PM Michigan Consumer Expectations Prel Jan 88.3 88.9 89
2020-01-31 03:00 PM Michigan 5 Year Inflation Expectations Final Jan 2.2% 2.5%

News Stream
US Consumer Sentiment Revised Higher
The University of Michigan's consumer sentiment for the US was revised slightly higher to 99.3 in December of 2019 from a preliminary of 99.2 and 96.8 in November. It is the highest reading since May and the second best in 2019. Current conditions were seen a bit more positive and inflation expectations declined.

US Consumer Sentiment Highest in 7 Months
The University of Michigan's consumer sentiment for the US increased to 99.2 in December of 2019 from 96.8 in November, beating market forecasts of 97. It is the highest reading since May and the second best in 2019, preliminary figures showed. Current conditions were assessed more positively and future expectations also improved.

US Consumer Sentiment Revised Up
The University of Michigan's consumer sentiment for the US was revised higher to 96.8 from 95.7 in November of 2019 and compared with 95.5 in October. It is the highest reading in four months, nearly close to the average of 97 since the start of 2017. Consumer expectations improved and the current conditions subindex declined less than initially anticipated.

US Consumer Sentiment at 4-Month High
The University of Michigan's consumer sentiment for the US edged up to 95.7 in November of 2019 from 95.5 in October of 2019. It is the highest reading in four months, preliminary data showed. Consumers voiced a slightly more positive outlook for the economy, which was offset by a slightly less favorable outlook for their own personal finances.

US Consumer Sentiment Revised Lower in October
The University of Michigan's consumer sentiment for the US was revised lower to 95.5 in October 2019 from a preliminary estimate of 96 but above the previous month's final 93.2. Both consumer expectations and current conditions sub-indexes came in weaker than initially thought.

US Consumer Confidence Beats Forecasts
The University of Michigan's consumer sentiment for the US rose to 96 in October 2019 from 93.2 in the previous month and beating market forecasts of 92, a preliminary estimate showed. That was the highest reading since July, amid an improvement in both consumer expectations and current economic conditions.

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.

United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 99.10 99.30 111.40 51.70 points [+]
Retail Sales MoM 0.30 0.30 6.70 -3.90 percent [+]
Retail Sales YoY 5.80 3.30 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.70 0.00 2.60 -4.00 percent [+]
Consumer Spending 13353.12 13250.04 13353.12 1403.69 USD Billion [+]
Disposable Personal Income 16702.70 16615.00 16702.70 351.54 USD Billion [+]
Personal Spending 0.40 0.30 2.80 -2.10 percent [+]
Personal Income 0.50 0.10 4.60 -4.70 percent [+]
Personal Savings 7.90 7.80 17.30 2.20 percent [+]
Consumer Credit 12.51 18.98 116.79 -111.95 USD Billion [+]
Private Sector Credit 9996.19 9970.48 9996.19 39.04 USD Billion [+]
Bank Lending Rate 4.75 4.75 20.50 2.00 percent [+]
Economic Optimism Index 57.40 57.00 62.90 35.80 [+]
Redbook Index 5.00 7.20 9.30 -5.80 percent [+]
Chain Store Sales 4386.00 3101.00 15875.00 2632.00 USD Million [+]
Gasoline Prices 0.67 0.69 1.07 0.24 USD/Liter [+]
Households Debt To GDP 75.00 74.90 98.60 23.80 percent of GDP [+]
Consumer Confidence Current Conditions 113.20 112.50 121.10 57.50 [+]
Consumer Confidence Economic Expectations 80.20 83.90 108.60 44.20 [+]
Consumer Confidence Price Trends 2.70 2.60 10.40 0.40 [+]