2017 Economic Calendar
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Consumer Sentiment  
Released On 6/30/2017 10:00:00 AM For Jun(f), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level94.5 94.5 94.3  to 97.5 95.1 

The consumer sentiment index regained some momentum in the second half of the month, rising to a final 95.1 that implies a 95.7 or so reading for the second half of June based on the mid-month flash of 94.5. Yet even so, June shows tangibly less strength than the 97.1 in May.

A plus in the report is a 7 tenths gain in current conditions to 112.5 which is a favorable indication for consumer spending in June. Weakness is in expectations, which fell nearly 4 points to 83.9 for the lowest showing since the pre-election days of October.

Another weakness is inflation, with 1-year expectations steady at a very low 2.6 percent and 5-year expectations down 1 tenth to 2.5 percent. This report and the rival consumer confidence report contrast in relative strength of overall confidence, this one moderately positive and the latter enormously positive, but they do not contrast on inflation with both clearly signaling weakness.

The consumer is still positive but perhaps less so as economic questions, such as tax cuts and fiscal stimulus, remain unanswered. And consumer spending, as highlighted in this morning's personal income & outlays report, is not responding. The sentiment index has not been able to move higher from its 98 highs in January and December.

Consensus Outlook
The consumer sentiment index slipped back to the least optimistic reading since the November election, falling 2.6 points in preliminary June to 94.5 with both the current conditions and expectations components falling. The report said the move lower reflected easing confidence among both Republicans and Democrats. Econoday's consensus for final June to remain at 94.5.

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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