The University of Michigan’s consumer sentiment for the US was revised higher to 81.2 in July of 2021 from a preliminary of 80.8, still remaining the lowest reading in 5 months. The gauge for expectations was revised slightly higher to 79 from 78.4 while the current conditions subindex was unchanged at 84.5. Inflation expectations were revised lower for both the year-ahead (4.7% vs 4.8%) and for the next 5 years (2.8% vs 2.9%). “Consumer sentiment edged upward at the end of July, although it still posted a monthly decline of 5.0%. The largest monthly declines remained concentrated in the outlook for the national economy and complaints about high prices for homes, vehicles, and household durables. While most consumers still expect inflation to be transitory, there is growing evidence that an inflation storm is likely to develop on the not too distant horizon”. source: University of Michigan
Consumer Confidence in the United States averaged 86.50 points from 1952 until 2021, 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 July of 2021.
Consumer Confidence in the United States is expected to be 82.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Consumer Sentiment is projected to trend around 84.00 points in 2022 and 85.00 points in 2023, according to our econometric models.