The University of Michigan's consumer sentiment for the US increased to 97.8 in March of 2019 from 93.8 in February, beating market expectations of 95.3, preliminary estimates showed. It is the highest reading in three months, amid rising income and lower inflation expectations and more positive growth prospects. Consumer Confidence in the United States averaged 86.49 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 93.00 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.