2017 Economic Calendar
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Consumer Sentiment  
Released On 5/12/2017 10:00:00 AM For May(p), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level97.0 97.3 96.5  to 98.0 97.7 

Consumer sentiment remains strong, beating expectations by 4 tenths with a 97.7 for the preliminary reading on May. The assessment of current conditions is steady at 112.7 but expectations are moving higher, up 1.1 points to 88.1 for the best reading since January. Current conditions may not be pointing to May strength for spending but expectations are pointing to increasing optimism for jobs and income. Inflation expectations are little changed, at 2.6 percent for the 1-year outlook and 2.3 percent for the 5-year. Consumer spending hasn't lived up to all the strength being shown in confidence readings, at least not yet.

Consensus Outlook
The consumer sentiment index has been showing less strength than other confidence measures yet is still near its expansion highs. This report has been noting strong polarization in its sample, between Democrats whose outlook is negative and Republicans and Independents who are optimistic. Econoday's consensus for preliminary May is 97.3 vs April's 97.0.

The University of Michigan's Consumer Survey Center questions 600 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
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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