The University of Michigan's consumer sentiment for the US was revised higher to 81.2 in July of 2021 from a preliminary of 80.8, still remaining the lowest reading in 5 months. The gauge for expectations was revised slightly higher to 79 from 78.4 while the current conditions subindex was unchanged at 84.5. Inflation expectations were revised lower for both the year-ahead (4.7% vs 4.8%) and for the next 5 years (2.8% vs 2.9%). "Consumer sentiment edged upward at the end of July, although it still posted a monthly decline of 5.0%. The largest monthly declines remained concentrated in the outlook for the national economy and complaints about high prices for homes, vehicles, and household durables. While most consumers still expect inflation to be transitory, there is growing evidence that an inflation storm is likely to develop on the not too distant horizon". source: University of Michigan

Consumer Confidence in the United States averaged 86.50 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 July of 2021.

Consumer Confidence in the United States is expected to be 82.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
81.20 85.50 111.40 51.70 1952 - 2021 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2021-07-30 02:00 PM Michigan Consumer Sentiment Final Jul 81.2 85.5 80.8 80.8
2021-07-30 02:00 PM Michigan Inflation Expectations Final Jul 4.7% 4.2% 4.8%
2021-07-30 02:00 PM Michigan 5 Year Inflation Expectations Final Jul 2.8% 2.8% 2.9%
2021-07-30 02:00 PM Michigan Current Conditions Final Jul 84.5 88.6 84.5
2021-08-13 02:00 PM Michigan Consumer Sentiment Prel Aug 81.2
2021-08-27 02:00 PM Michigan Consumer Sentiment Final Aug
2021-09-17 02:00 PM Michigan Consumer Sentiment Prel Sep
2021-10-01 02:00 PM Michigan Consumer Sentiment Final Sep


News Stream
US Consumer Sentiment Revised Higher, Remains 5-Month Low
The University of Michigan's consumer sentiment for the US was revised higher to 81.2 in July of 2021 from a preliminary of 80.8, still remaining the lowest reading in 5 months. The gauge for expectations was revised slightly higher to 79 from 78.4 while the current conditions subindex was unchanged at 84.5. Inflation expectations were revised lower for both the year-ahead (4.7% vs 4.8%) and for the next 5 years (2.8% vs 2.9%). "Consumer sentiment edged upward at the end of July, although it still posted a monthly decline of 5.0%. The largest monthly declines remained concentrated in the outlook for the national economy and complaints about high prices for homes, vehicles, and household durables. While most consumers still expect inflation to be transitory, there is growing evidence that an inflation storm is likely to develop on the not too distant horizon".
2021-07-30
US Consumer Sentiment Unexpectedly Falls in July
The University of Michigan's consumer sentiment for the US dropped to a five-month low of 80.8 in July 2021, from 85.5 in the previous month and missing market expectations of 86.5, a preliminary estimate showed. The erosion in morale was largely due to less favorable prospects for the national economy amid growing concerns about inflationary pressure, with consumers' complaints about rising prices on homes, vehicles, and household durables hitting an all-time record. Purchase rates, however, have benefitted from record increases in accumulated savings and reserve funds. The gauge for consumer expectations fell to 78.4 in early July from 83.5 in June, while the current economic conditions index declined to 84.5 from 88.6.
2021-07-16
US Consumer Sentiment Revised Lower
The University of Michigan's consumer sentiment for the US was revised lower to 85.5 in June of 2021 from a preliminary of 86.4 and below market expectations of 87.4. Still, it was the second-highest reading since the start of the pandemic. Expectations were revised lower to 83.5 from 83.8 and compared to May’s 78.8. The current conditions gauge fell to 88.6, below a preliminary of 90.6 and down from May’s 89.4. Inflation expectations for the year ahead decreased to 4.2% from 4.6% in the previous month, above preliminary figures of 4% while the 5-year outlook went down to 2.8% from 3%, matching initial figures.
2021-06-25
US Consumer Sentiment Tops Forecasts
The University of Michigan's consumer sentiment for the US increased to 86.4 in June of 2021 from 82.9 in May, beating market forecasts of 84, preliminary estimates showed. Expectations soared (83.8 vs 78.8) and the current conditions gauge also edged up (90.6 vs 89.4). Meanwhile, inflation expectations for the year ahead fell to 4% from 4.6% and the 5-year outlook declined to 2.8% from 3%. 'Stronger growth in the national economy was anticipated, with an all-time record number of consumers anticipating a net decline in unemployment. Rising inflation remained a top concern of consumers, although the expected rate of inflation declined in early June', according to Surveys of Consumers chief economist, Richard Curtin.
2021-06-11

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.