University of Michigan United States Consumer Sentiment

Country:
United States
USD, US dollar
Sector:
Consumer
Medium 73.7 71.4
71.8
Last release Importance Actual Forecast
Previous
73.7
73.7
Next release Actual Forecast
Previous
  • Overview
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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
May 2020 prelim.
73.7
71.4
71.8
Apr 2020
71.8
71
71
Apr 2020 prelim.
71
92.6
89.1
Mar 2020
89.1
95.9
95.9
Mar 2020 prelim.
95.9
101.2
101
Feb 2020
101
100.9
100.9
Feb 2020 prelim.
100.9
99.8
99.8
Jan 2020
99.8
99.1
99.1
Jan 2020 prelim.
99.1
99.6
99.3
Dec 2019
99.3
99.2
99.2
Dec 2019 prelim.
99.2
96.5
96.8
Nov 2019
96.8
95.7
95.7
Nov 2019 prelim.
95.7
96
95.5
Oct 2019
95.5
96
96
Oct 2019 prelim.
96
92.8
93.2
Sep 2019
93.2
92
92
Sep 2019 prelim.
92
91.1
89.8
Aug 2019
89.8
92.1
92.1
Aug 2019 prelim.
92.1
98.6
98.4
Jul 2019
98.4
98.4
98.4
Jul 2019 prelim.
98.4
98.3
98.2
Jun 2019
98.2
97.9
97.9
Jun 2019 prelim.
97.9
101.4
100
May 2019
100
102.4
102.4
May 2019 prelim.
102.4
96
97.2
Apr 2019
97.2
96.9
96.9
Apr 2019 prelim.
96.9
102.9
98.4
Mar 2019
98.4
97.8
97.8
Mar 2019 prelim.
97.8
94.8
93.8
Feb 2019
93.8
95.5
95.5
Feb 2019 prelim.
95.5
91.1
91.2
Jan 2019
91.2
90.7
90.7
Jan 2019 prelim.
90.7
98.2
98.3
Dec 2018
98.3
97.7
97.5
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

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