US Prelim UoM Consumer Sentiment
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;
There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact;
- US Prelim UoM Consumer Sentiment Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 13, 2024 | 69.0 | 68.3 | 67.9 |
| Aug 16, 2024 | 67.8 | 66.7 | 66.4 |
| Jul 12, 2024 | 66.0 | 68.5 | 68.2 |
| Jun 14, 2024 | 65.6 | 72.1 | 69.1 |
| May 10, 2024 | 67.4 | 76.3 | 77.2 |
| Apr 12, 2024 | 77.9 | 79.0 | 79.4 |
| Mar 15, 2024 | 76.5 | 77.1 | 76.9 |
| Feb 16, 2024 | 79.6 | 80.0 | 79.0 |
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- US Prelim UoM Consumer Sentiment News
From fxstreet.com|Sep 13, 2024|7 commentsConsumer confidence in the US improved slightly in early September, with the University of Michigan's Consumer Sentiment Index edging higher to 69 from 67.9 in August. This reading came in above the market expectation of 68. The Current Conditions Index rose to 62.9 from 61.3 and the Consumer Expectations Index improved to 73 from 72.1. The details of the survey showed that the one-year inflation expectation edged lower to 2.7% from 2.8, while the five-year inflation outlook increased to 3.1% from 3%. These data failed to trigger a ...
- From forexlive.com|Aug 16, 2024
Consumer survey from the University of Michigan • July final was 71.6 • Current conditions 60.9 vs 76.6 prior • Expectations 72.1 vs 68.3 prior • 1-year inflation 2.9% vs 2.9% prior • 5-10 year inflation 3.0% vs 3.0% prior. • Overall, expectations strengthened for both personal finances and the five-year economic outlook (highest reading in four months). Yesterday's retail sales report was strong and Walmart executives repeatedly described a stable and resilient consumer so I have a hard time putting any weight on this survey, which ...
- From breakingthenews.net|Jul 12, 2024|1 comment
The Consumer Sentiment Index in the United States declined 3.2% in July compared to the month prior to stand at 66, a preliminary report released by the University of Michigan showed on Friday. The figure also tumbled by 7.7% on an annual level. The Current Economic Conditions Index fell 2.7% in the reported period compared to June and decreased by 16.2% from July 2023, amounting to 64.1 points. The Index of Consumer Expectations decreased by 3.4% on a monthly basis and by 1.6% on a yearly basis, coming in at 67.2. "Year-ahead ...
From forexlive.com|Jun 14, 2024|4 commentsThe June 2024 UMich June preliminary consumer sentiment reading • Prior was 67.4 • Current conditions 62.5 vs 68.8 prior • Expectations 67.6 vs 66.5 prior • 1-year inflation 3.3% vs 3.5% prior • 5-year inflation 3.1% vs 3.1% priorConsumer Sentiment Declined 5.1% to 65.6 in June Consumer sentiment declined 5.1% to 65.6 in June, according to preliminary results from the University of Michigan Survey of Consumers. This represents a 2.2% increase year over year. “Consumer sentiment was little changed in June; this month’s ...
From cnbc.com|May 10, 2024Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday. The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for the month, down from 77.2 in April and well off the Dow Jones consensus call for 76. The move represented a one-month decline of 12.7% but a year-over-year gain of 14.2%. Along with the downbeat sentiment measure, the outlook for inflation across the one- and ...
- From cnn.com|May 10, 2024|10 comments
Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. Additionally, consumers are bracing for even higher price increases in the year ahead compared to readings from prior months, the survey found. The gauge, which is closely tracked by the Biden administration, plunged 13% from April’s 77.2% reading to 67.4%. However, that’s still a better reading than last May, when inflation was running at 4%, versus the ...
From breakingthenews.net|Apr 12, 2024|5 commentsThe Consumer Sentiment Index in the United States declined 1.9% in April compared to the month prior to stand at 77.9, a report posted by the University of Michigan showed on Thursday. The figure surged 22.3% on an annual level. The Current Economic Conditions Index tumbled 3.9% in the reported period compared to February but rose 15.8% from April 2023, amounting to 82.5 points. The Index of Consumer Expectations dipped by 0.5% on a monthly basis but grew 27.1% on a yearly basis, coming in at 77. "Year-ahead inflation expectations ...
- From forexlive.com|Mar 15, 2024|4 comments
The first look at March 2024 US consumer sentiment from the University of Michigan • Prior was 76.9 • Current conditions vs 79.2 expected (prior was 79.4) • Expectations vs 75.1 expected (prior was 75.2) • One-year inflation 3.0% vs 3.0% prior • Five-year inflation 2.9% vs 2.9% prior • These numbers are all close to expectations. The report said: "Small improvements in personal finances were offset by modest declines in expectations for business conditions. After strong gains between November 2023 and January 2024, consumer views ...
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| Released on Mar 15, 2024 |
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