2017 Economic Calendar
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Consumer Sentiment  
Released On 6/16/2017 10:00:00 AM For Jun(p), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level97.1 97.1 95.8  to 97.6 94.5 

Highlights
In the least optimistic reading since the November election, the preliminary June consumer sentiment index fell to a much lower-than-expected 94.5. This compares with 97.1 for May and 97.7 for preliminary May.

Both components are down with expectations at 84.7 for a 3 point decline from May which points to less confidence in the jobs outlook. The current conditions index is at 109.6 for a 2.1 point decline which is a negative indication for consumer spending in June.

The report notes that this month's decline reflects easing confidence among both Republicans and Democrats. Inflation expectations are mixed with the 1-year outlook unchanged at 2.6 percent but with the 5-year up 2 tenths and also at 2.6 percent.

Recent History Of This Indicator
The consumer sentiment index has been holding at strong levels reflecting a steady assessment of current conditions and solid confidence in the outlook. Econoday's consensus for preliminary June is 97.1 which would be unchanged from final May.

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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