The University of Michigan consumer sentiment for the US fell to 77.9 in April 2024 from 79.4 in March which was the highest level since July 2021, preliminary estimates showed. Figures came well below forecasts of 79, with both current conditions (79.3 vs 82.5) and expectations (77 vs 77.4) declining. Overall, consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy. Meanwhile, inflation expectations increased for the year-ahead (3.1%, the highest in four months from 2.9% in March) and the five-year outlook (3%, the highest in six months, from 2.8%). It reflects some frustration that the inflation slowdown may have stalled. source: University of Michigan

Consumer Confidence in the United States decreased to 77.90 points in April from 79.40 points in March of 2024. Consumer Confidence in the United States averaged 85.42 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 April of 2024.

Consumer Confidence in the United States decreased to 77.90 points in April from 79.40 points in March of 2024. Consumer Confidence in the United States is expected to be 75.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-28 02:00 PM Michigan Consumer Sentiment Final Mar 79.4 76.9 76.5 76.5
2024-04-12 02:00 PM Michigan Consumer Sentiment Prel Apr 77.9 79.4 79 79.5
2024-04-26 02:00 PM Michigan Consumer Sentiment Final Apr 79.4 77.9 77.9

Components Last Previous Unit Reference
Michigan 5 Year Inflation Expectations 3.00 2.80 percent Apr 2024
Michigan Consumer Expectations 77.00 77.40 points Apr 2024
Michigan Current Conditions 79.30 82.50 points Apr 2024
Michigan Inflation Expectations 3.10 2.90 percent Apr 2024

Related Last Previous Unit Reference
Michigan Consumer Sentiment 77.90 79.40 points Apr 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
77.90 79.40 111.40 50.00 1952 - 2024 points Monthly
1966Q1=100, NSA

News Stream
US Consumer Sentiment Worsens
The University of Michigan consumer sentiment for the US fell to 77.9 in April 2024 from 79.4 in March which was the highest level since July 2021, preliminary estimates showed. Figures came well below forecasts of 79, with both current conditions (79.3 vs 82.5) and expectations (77 vs 77.4) declining. Overall, consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy. Meanwhile, inflation expectations increased for the year-ahead (3.1%, the highest in four months from 2.9% in March) and the five-year outlook (3%, the highest in six months, from 2.8%). It reflects some frustration that the inflation slowdown may have stalled.
2024-04-12
US Consumer Sentiment Hits Nearly 3-Year High
The University of Michigan consumer sentiment for the US was revised higher to 79.4 in March 2024 from a preliminary of 76.5, the highest since July 2021. The gauge for expectations was revised up to 77.4 from 74.6 while the current conditions subindex was revised higher to 82.5 from 79.4. Meanwhile, inflation expectations for the year were revised lower to 2.9% from 3%, and the 5-year outlook was revised down to 2.8% from 2.9%.
2024-03-28
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