University of Michigan United States Consumer Sentiment

Country:
United States
USD, US dollar
Sector:
Consumer
Medium 97.5 98.1
97.5
Last release Importance Actual Forecast
Previous
97.7
97.5
Next release Actual Forecast
Previous
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University of Michigan Consumer Sentiment demonstrates how US consumers estimate the relative level of current and future economic conditions. It is calculated monthly based on a telephone survey of at least 500 US households, which the University of Michigan conducts to calculate five different indices, including this one.

Respondents are polled to express their opinion on the following questions:

  • Whether their families' financial conditions have become better or worse than a year ago
  • Whether respondents expect their families' financial conditions to become better or worse a year from now
  • Whether business conditions in the next 12 months will become better or worse
  • How conditions in the country may change in the next five years - whether respondents expect stability or growth of unemployment or depression.
  • Whether it is a good time to purchase large household items and make other large purchases (such as to by a house, a car, etc.)

Answers to these questions are calculated as follows: the percentage of negative values is subtracted from positive ones, and 100 is added to the resulting value. The resulting values ​​are added up and divided by 6.7558 (the benchmark value), after which 2 (the correction constant for the sample composition) is added to the resulting figure.

University of Michigan Consumer Sentiment allows measuring how US households evaluate the economy strength, financial changes and how they estimate their current and future financial situation, in particular, whether they are willing to spend money. The index growth allows making a favorable forecast of the US economy health. Optimistic sentiment about large purchases can be a leading indicator of consumer activity growth, and hence, of the growth of inflation. University of Michigan Consumer Sentiment growth is usually seen as positive for the US dollar.

Last values:

actual data

forecast

The chart of the entire available history of the "University of Michigan United States Consumer Sentiment" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Dec 2018 prelim.
97.5
98.1
97.5
Nov 2018
97.5
98.7
98.3
Nov 2018 prelim.
98.3
97.2
98.6
Oct 2018
98.6
98.8
99
Oct 2018 prelim.
99
101.2
100.1
Sep 2018
100.1
98.7
100.8
Sep 2018 prelim.
100.8
97.8
96.2
Aug 2018
96.2
96.8
95.3
Aug 2018 prelim.
95.3
97.4
97.9
Jul 2018
97.9
97.8
97.1
Jul 2018 prelim.
97.1
98
98.2
Jun 2018
98.2
99
99.3
Jun 2018 prelim.
99.3
98.2
98
May 2018
98
98.5
98.8
May 2018 prelim.
98.8
99.8
98.8
Apr 2018
98.8
99.8
97.8
Apr 2018 prelim.
97.8
100.2
101.4
Mar 2018
101.4
100.9
102
Mar 2018 prelim.
102
102.4
99.7
Feb 2018
99.7
101.9
99.9
Feb 2018 prelim.
99.9
96.8
95.7
Jan 2018
95.7
94.6
94.4
Jan 2018 prelim.
94.4
96.6
95.9
Dec 2017
95.9
97.9
96.8
Dec 2017 prelim.
96.8
98.5
98.5
Nov 2017
98.5
100.1
97.8
Nov 2017 prelim.
97.8
100.9
100.7
Oct 2017
100.7
99.9
101.1
Oct 2017 prelim.
101.1
98.3
95.1
Sep 2017
95.1
97.6
95.3
Sep 2017 prelim.
95.3
97.5
96.8
Aug 2017
96.8
95.8
97.6
Aug 2017 prelim.
97.6
91.9
93.4
Jul 2017
93.4
93.1
Jul 2017 prelim.
93.1
95.1
Jun 2017
95.1
94.5
Jun 2017 prelim.
94.5
97.1
May 2017
97.1
97.7
May 2017 prelim.
97.7
97
Apr 2017
97
98
Apr 2017 prelim.
98
96.9
Mar 2017
96.9
97.6
Mar 2017 prelim.
97.6
96.3
Feb 2017
96.3
95.7
Feb 2017 prelim.
95.7
98.5
Jan 2017
98.5
98.1
Jan 2017 prelim.
98.1
98.2
Dec 2016
98.2
98
Dec 2016 prelim.
98
93.8
Nov 2016
93.8
91.6

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