2017 Economic Calendar
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Consumer Sentiment  
Released On 1/27/2017 10:00:00 AM For Jan(f), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level98.1 98.2 98.0  to 99.0 98.5 

Highlights
Consumer sentiment remains very strong, at 98.5 in January and at the cycle highs where it's been since the November election. Prospects for future income are the highest in a decade, though the sample is split between optimism among Republicans offsetting pessimism among Democrats. One fifth of the sample says it's a good idea to borrow in advance of possible rate increases, a 20-year high for this reading. This rise in rate expectations is reflected in inflation expectations which are up a very sharp 4 tenths this month for the 1-year outlook and 3 tenths for the 5-year outlook, both at 2.6 percent. A not-so-positive in the report is a 6 tenths decline to 111.3 in the current conditions component, a dip that does not point to increases in consumer spending. In fact, a point to remember is that the post-election spike in confidence, both consumer in confidence and business confidence, did not result in great strength for the fourth-quarter economy.

Recent History Of This Indicator
Consumer sentiment held at post-election highs in the preliminary reading for January, at 98.1 and little changed from 98.2 in December. The preliminary report noted that partisanship is extreme right now with 44 percent of the sample citing the importance of government policies (whether positive or negative). The cycle average for this reference is 20 percent. Forecasters see the final January index coming in at 98.2.

Definition
The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey. Preliminary estimates for a month are released at mid-month. Final estimates for a month are released near the end of the month.  Why Investors Care
 
[Chart]
Consumer sentiment is mainly affected by inflation and employment conditions. However, consumers are also impacted by current events such as bear & bull markets, geopolitical events such as war and terrorist attacks. Investors monitor consumer sentiment because it tends to have an impact on consumer spending over the long run [although not necessarily on a monthly basis.]
 
 

2017 Release Schedule
Released On: 1/131/272/102/243/173/314/134/285/125/266/166/307/147/288/18
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 9/19/159/2910/1310/2711/1011/2212/812/22
Release For: AugSepSepOctOctNovNovDecDec
 


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