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.