The University of Michigan's consumer sentiment for the US rose to 102.4 in May 2019 from 97.2 in the previous month, easily beating market consensus of 97.5, a preliminary estimate showed. That was the highest reading since January 2004, as consumers viewed prospects for the overall economy much more favorably. The survey was conducted before the trade negotiations with China collapsed. Consumer Confidence in the United States averaged 86.54 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 96.00 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 88.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 85.00 Index Points in 2020, according to our econometric models.