The University of Michigan's consumer sentiment for the US jumped to 81.4 in December of 2020 from 76.9 in November, beating market forecasts of 76.5, preliminary estimates showed. Current economic conditions were assessed more positively (91.8 vs 87) and expectations also improved (74.7 vs 70.5). Meantime, the inflation outlook for the year ahead slowed (2.3% vs 2.8%) while expectations for the next 5 years were unchanged at 2.5%. "Consumer sentiment posted a surprising increase in early December due to a partisan shift in economic prospects. Following Biden's election, Democrats became much more optimistic, and Republicans much more pessimistic. Just as four years ago, the post-election partisan shifts in economic expectations are too extreme to be justified by economic fundamentals". source: University of Michigan

Consumer Confidence in the United States averaged 86.54 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. 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 December of 2020.

Consumer Confidence in the United States is expected to be 91.80 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 82.00 in 12 months time. In the long-term, the United States Consumer Sentiment is projected to trend around 88.00 points in 2021 and 95.00 points in 2022, according to our econometric models.

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United States Consumer Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
81.40 76.90 111.40 51.70 1952 - 2020 points Monthly
Volume, NSA, 1966=100


Calendar GMT Actual Previous Consensus TEForecast
2020-12-11 03:00 PM Michigan Current Conditions Prel Dec 91.8 87.0 87 86
2020-12-11 03:00 PM Michigan Inflation Expectations Prel Dec 2.3% 2.8% 2.8%
2020-12-11 03:00 PM Michigan 5 Year Inflation Expectations Prel Dec 2.5% 2.5% 2.7%
2020-12-11 03:00 PM Michigan Consumer Sentiment Prel Dec 81.4 76.9 76.5 76
2020-12-23 03:00 PM Michigan Current Conditions Final Dec 87.0 91.8 91.8
2020-12-23 03:00 PM Michigan Inflation Expectations Final Dec 2.8% 2.3% 2.3%
2020-12-23 03:00 PM Michigan Consumer Sentiment Final Dec 76.9 81.4 81.3
2020-12-23 03:00 PM Michigan 5 Year Inflation Expectations Final Dec 2.5% 2.5% 2.5%


News Stream
US Consumer Sentiment Surprises on the Upside
The University of Michigan's consumer sentiment for the US jumped to 81.4 in December of 2020 from 76.9 in November, beating market forecasts of 76.5, preliminary estimates showed. Current economic conditions were assessed more positively (91.8 vs 87) and expectations also improved (74.7 vs 70.5). Meantime, the inflation outlook for the year ahead slowed (2.3% vs 2.8%) while expectations for the next 5 years were unchanged at 2.5%. "Consumer sentiment posted a surprising increase in early December due to a partisan shift in economic prospects. Following Biden's election, Democrats became much more optimistic, and Republicans much more pessimistic. Just as four years ago, the post-election partisan shifts in economic expectations are too extreme to be justified by economic fundamentals".
2020-12-11
US Consumer Sentiment Revised Lower
The University of Michigan's consumer sentiment for the US was revised lower to 76.9 in November of 2020 from a preliminary of 77 and below 81.8 in October. It is the lowest reading since August. There was a significant decline in the expectations component (70.5 vs 71.3 in the preliminary release) which was partially offset by more favorable assessments of current economic conditions (87 vs 85.8). Meantime, inflation expectations were left unchanged for both the year ahead (2.8 percent) and the next 5 years (2.6 percent). The November data were less optimistic than last month due to the resurgence in covid infections and deaths as well as partisan shifts due to the outcome of the presidential election. For the first time since Trump entered office, Democrats rather than Republicans held a more optimistic economic outlook.
2020-11-25
US Consumer Sentiment Disappoints
The University of Michigan's consumer sentiment decreased to 77 in November of 2020 from 81.8 in October and against market expectations of 82, a preliminary estimate showed. It is the lowest reading since August as consumers judged future economic prospects less favorably (71.3 vs 79.2 in October), while their assessments of current economic conditions remained largely unchanged (85.8 vs 85.9). Meantime, inflation expectations for the year ahead increased to 2.8% from 2.6% and the 5-year outlook to 2.6% from 2.4%. The outcome of the presidential election as well as the resurgence in covid infections and deaths were responsible for the early November decline. Interviews conducted following the election recorded a substantial negative shift in Republicans’ expectations and no gain among Democrats.
2020-11-13
US Consumer Sentiment Reamins Strongest Since March
The University of Michigan's consumer sentiment was revised slightly higher to 81.8 in October of 2020, reaching the highest since March. Still, the sentiment remains much below 101 reported in February, before the coronavirus pandemic started. Improvements were seen in both expectations (79.2 vs 78.8 in the advance estimate) and current conditions (85.9 vs 84.9). On the price front, inflation expectations for the year ahead were revised lower to 2.6 percent from 2.7 percent and those for the next 5 years were unchanged at 2.4 percent. "Consumer sentiment remained virtually unchanged from the first half of October (+0.6 points) and was insignificantly different from last month's figure (+1.4 points). Fear and loathing produced this false sense of stability. Fears were generated by rising covid infection and death rates, and loathing was generated by the hyper-partisanship that has driven the election to ideological extremes", Surveys of Consumers chief economist, Richard Curtin said.
2020-10-30

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.