2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Consumer Sentiment  
Released On 11/10/2017 10:00:00 AM For Nov(p), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level100.7 100.0 97.0  to 102.0 97.8 

Preliminary November consumer sentiment edged down to 97.8 from October's final reading of 100.7. Both current conditions and consumer expectations readings were lower. The losses however, were quite small as the sentiment index remained at its second highest level since January. Current conditions declined to 113.6 from 116.5 while expectations slid to 87.6 from 90.5. One year inflation expectations increased to 2.6 percent from October's 2.4 percent while five year expectations were unchanged at 2.5 percent.

Consumers (and policy makers) have four key concerns: prospective trends in jobs, wages, inflation and interest rates. An improving labor market was spontaneously mentioned by a record number of consumers in early November, and anticipated wage gains recorded their highest two-month level in a decade. These favorable trends were countered by a slight rise in year-ahead inflation expectations and a growing consensus that interest rates will increase during the year ahead.

Consensus Outlook
Underpinned by high employment and rising income prospects, the consumer sentiment index jumped in the preliminary October report to 101.1 for the best showing in 13 years before ending the month nearly as high, at 100.7. Econoday's consensus for preliminary November is 100.0.

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

powered by  [Econoday]