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.