The University of Michigan's consumer sentiment for the US was revised higher to 88.3 in April of 2021 from a preliminary of 86.5 and above market expectations of 87.4. It was the highest reading since March 2020 due to a growing sense that the upward momentum in jobs and incomes will persist propelled by record federal stimulus spending and a growing share of the population who are vaccinated. There was an improvement in the expectations component (82.7 vs 79.7 in the preliminary release) while the assessment of current economic conditions remained unchanged at 97.2. On the price front, inflation expectations for the year ahead were revised lower to 3.4 percent from 3.7 percent and those for the next 5 years were unchanged at 2.7 percent. Overall, the data indicate an exceptional outlook for consumer spending through mid-2022. source: University of Michigan
Consumer Confidence in the United States averaged 86.51 points from 1952 until 2021, 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. This page provides the latest reported value for - United States Consumer Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Consumer Confidence in the United States is expected to be 85.00 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 83.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 84.00 points in 2022 and 85.00 points in 2023, according to our econometric models.