The University of Michigan consumer sentiment for the US edged down to 76.5 in March 2024, the lowest in three months, from 76.9 in February, and below forecasts of 76.9. Small improvements in personal finances were offset by modest declines in expectations for business conditions, preliminary estimates showed. Yet, consumers perceived few signals that the economy is currently improving or deteriorating and many are withholding judgment about the trajectory of the economy, particularly in the long term, pending the results of this November’s election. The gauge for expectations fell to 74.6 from 75.2 while the current conditions subindex was steady at 79.4. Meanwhile, inflation expectations for the year ahead were unchanged at 3% and those for the five-year outlook were steady at 2.9%. source: University of Michigan

Consumer Confidence in the United States decreased to 76.50 points in March from 76.90 points in February of 2024. Consumer Confidence in the United States averaged 85.43 points from 1952 until 2024, reaching an all time high of 111.40 points in January of 2000 and a record low of 50.00 points in June of 2022. 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 Michigan Consumer Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

Consumer Confidence in the United States decreased to 76.50 points in March from 76.90 points in February of 2024. Consumer Confidence in the United States is expected to be 76.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-01 03:00 PM Michigan Consumer Sentiment Final Feb 76.9 79 79.6 79.6
2024-03-15 02:00 PM Michigan Consumer Sentiment Prel Mar 76.5 76.9 76.9 76.9
2024-03-28 02:00 PM Michigan Consumer Sentiment Final Mar 76.9 76.5 76.5

Components Last Previous Unit Reference
Michigan 5 Year Inflation Expectations 2.90 2.90 percent Mar 2024
Michigan Consumer Expectations 74.60 75.20 points Mar 2024
Michigan Current Conditions 79.40 79.40 points Mar 2024
Michigan Inflation Expectations 3.00 3.00 percent Mar 2024

Related Last Previous Unit Reference
Michigan Consumer Sentiment 76.50 76.90 points Mar 2024

United States Michigan 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.
Actual Previous Highest Lowest Dates Unit Frequency
76.50 76.90 111.40 50.00 1952 - 2024 points Monthly
1966Q1=100, NSA

News Stream
US Consumer Sentiment at 3-Month Low
The University of Michigan consumer sentiment for the US edged down to 76.5 in March 2024, the lowest in three months, from 76.9 in February, and below forecasts of 76.9. Small improvements in personal finances were offset by modest declines in expectations for business conditions, preliminary estimates showed. Yet, consumers perceived few signals that the economy is currently improving or deteriorating and many are withholding judgment about the trajectory of the economy, particularly in the long term, pending the results of this November’s election. The gauge for expectations fell to 74.6 from 75.2 while the current conditions subindex was steady at 79.4. Meanwhile, inflation expectations for the year ahead were unchanged at 3% and those for the five-year outlook were steady at 2.9%.
2024-03-15
Michigan Consumer Sentiment Revised Lower
The University of Michigan consumer sentiment for the US was revised lower to 76.9 in February 2024 from a preliminary of 79.6 and compared with 79 in January. The gauge for expectations was revised down to 75.2 from 78.4 and the current conditions subindex was revised lower to 79.4 from 81.5. Meanwhile, inflation expectations for the year ahead increased slightly to 3% from 2.9% while the five-year outlook was at 2.9%, the same as in each of the previous two months.
2024-03-01
US Consumer Sentiment Below Forecasts
The University of Michigan consumer sentiment for the US increased to 79.6 in February 2024 from 79 in January, a fresh high since July 2021, but slightly below market forecasts of 80, preliminary estimates showed. Consumers continued to express confidence that the slowdown in inflation and strength in labor markets would continue. The expectations index improved (78.4 vs 77.1) while the current economic conditions gauge edged down (81.5 vs 81.9). Meanwhile, inflation expectations for the year ahead increased slightly to 3% from 2.9% while the five-year outlook was at 2.9%, the same as in each of the previous two months.
2024-02-16