2017 Economic Calendar
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Consumer Sentiment  
Released On 8/18/2017 10:00:00 AM For Aug(p), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level93.4 94.0 93.0  to 96.0 97.6 

Highlights
Consumer sentiment unexpectedly burst higher in the preliminary estimate for August but the results, warns the report, do not fully reflect the impact of the weekend's violence in Virginia. The index rose to 97.6 which is well over Econoday's high estimate and the strongest reading since the post-election surge in January. But the report said "too few" interviews were conducted after the violence and that related fallout may reverse expectations especially for Republicans.

Details of August's preliminary report show an 8.5 point jump in the expectations component to 89.0 with, however, the current conditions component lagging with a 3.4 point decline to 111.0. The step back for current conditions is not a favorable indication for consumer activity in the month of August. And in a negative for Federal Reserve policy makers, inflation expectations are very subdued, unchanged at 2.6 percent for the 1-year outlook and down 1 tenth for the 5-year outlook at 2.5 percent.

Recent History Of This Indicator
Unlike the consumer confidence index which is holding steady near 20-year highs, the consumer sentiment index has been falling back, down more than 5 points from its highs early in the year to 93.4 in July. Econoday's consensus for the preliminary August report is calling for a moderate rebound to 94.0. July showed continued strength in current conditions but a noticeable slowing in expectations in a divergence that hints at year-end erosion for the headline index.

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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