The University of Michigan consumer sentiment for the US was revised higher to 59.2 in May of 2023 from an initial estimate of 57.7, but remaining the lowest level in six months, amid worries about the path of the economy. This decline mirrors the 2011 debt ceiling crisis, during which sentiment also plunged, according to Surveys of Consumers Director Joanne Hsu. The expectations gauge was revised to 55.4 from 53.4 and the current economic conditions subindex to 64.9 from 64.5. Inflation expectations were also revised lower for both the year ahead (4.2% vs 4.5% in the preliminary estimate) and the five-year outlook (3.1% vs 3.2%). source: University of Michigan
Consumer Confidence in the United States averaged 85.67 points from 1952 until 2023, reaching an all time high of 111.40 points in January of 2000 and a record low of 50 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 May of 2023.
Consumer Confidence in the United States is expected to be 62.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
