Michigan Consumer Sentiment Index

Consumer exuberance can translate into greater spending and faster economic growth, implying a stronger labor market and a potential pick-up in inflation, helping turn the Fed hawkish. This survey’s popularity among analysts (mentioned more frequently than CB Consumer Confidence) is justified because the data here includes interviews conducted up to a day or two before the official release, making it a timely measure of consumer mood, but foremost because it gauges consumer attitudes on financial and income situations. Actual figures beating consensus tend to be USD bullish.

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Most recent - Wednesday 22 November 2023 15:00

60.4

Forecast

60.5

Actual

61.3

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Friday 8 December 2023 15:00

61.3

Forecast

Actual

The typical/expected impact on USD pairs is high.

There is no forecast value for Michigan Consumer Sentiment Index yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Michigan Consumer Sentiment Index was 61.3 against a forecast of 60.5.

Past events

Date

Forecast

Actual

Wednesday 22 November 2023 15:00

60.5

61.3

Friday 10 November 2023 15:00

63.7

60.4

Friday 27 October 2023 14:00

63.8

Friday 13 October 2023 14:00

67.4

Friday 29 September 2023 14:00

67.7

68.1

Friday 15 September 2023 14:00

69.1

67.7

Friday 25 August 2023 14:00

71.2

69.5

Friday 11 August 2023 14:00

71.2

Friday 28 July 2023 14:00

72.6

71.6

Friday 14 July 2023 14:00

65.5

72.6

Friday 30 June 2023 14:00

63.9

64.4

Friday 16 June 2023 14:00

63.9

Friday 26 May 2023 14:00

57.7

59.2

Friday 12 May 2023 14:00

57.7

Friday 28 April 2023 14:00

63.5

Friday 14 April 2023 14:00

63.5

Friday 31 March 2023 14:00

63.2

Friday 17 March 2023 14:00

63.4

Friday 24 February 2023 15:00

66.4

Friday 10 February 2023 15:00

66.4

Friday 27 January 2023 15:00

64.6

64.9

Friday 13 January 2023 15:00

60.5

64.6

Friday 23 December 2022 15:00

59.1

59.7

Friday 9 December 2022 15:00

53.3

59.1

Wednesday 23 November 2022 15:00

56.8

Friday 11 November 2022 15:00

59.5

54.7

Friday 28 October 2022 14:00

59.8

59.9

Friday 14 October 2022 14:00

59.8

Friday 30 September 2022 14:00

59.5

58.6

Friday 16 September 2022 14:00

59.5

Friday 26 August 2022 14:00

55.2

58.2

Friday 12 August 2022 14:00

52.5

55.1

Friday 29 July 2022 14:00

51.1

51.5

Friday 15 July 2022 14:00

49.9

51.1

Friday 24 June 2022 14:00

50.2

Friday 10 June 2022 14:00

50.2

Friday 27 May 2022 14:00

59.1

58.4

Friday 13 May 2022 14:00

59.1

Friday 29 April 2022 14:00

65.7

65.2

Thursday 14 April 2022 14:00

65.7

Friday 25 March 2022 14:00

59.7

59.4

Friday 11 March 2022 15:00

61.4

59.7

Friday 25 February 2022 15:00

61.7

62.8

Friday 11 February 2022 15:00

67.5

61.7

Friday 28 January 2022 15:00

68.7

67.2

Friday 14 January 2022 15:00

68.8

Thursday 23 December 2021 15:00

70.4

70.6

Friday 10 December 2021 15:00

67.1

70.4

Wednesday 24 November 2021 15:00

66.9

67.4

Friday 12 November 2021 15:00

72.4

66.8

Friday 29 October 2021 14:00

71.4

71.7

Friday 15 October 2021 14:00

73.1

71.4

Friday 1 October 2021 14:00

72.8

Friday 17 September 2021 14:00

72.2

Friday 27 August 2021 14:00

70.7

70.3

Friday 13 August 2021 14:00

81.2

70.2

Friday 30 July 2021 14:00

80.8

81.2

Friday 16 July 2021 14:00

86.5

80.8

Friday 25 June 2021 14:00

86.5

85.5

Friday 11 June 2021 14:00

86.4

Friday 28 May 2021 14:00

82.9

Friday 14 May 2021 14:00

90.4

82.8

Friday 30 April 2021 14:00

87.5

88.3

Friday 16 April 2021 14:00

89.6

86.5

Friday 26 March 2021 14:00

83.6

84.9

Friday 12 March 2021 15:00

78.5

Friday 26 February 2021 15:00

76.5

76.8

Friday 12 February 2021 15:00

80.8

76.2

Friday 29 January 2021 15:00

79.2

Friday 15 January 2021 15:00

79.2

Wednesday 23 December 2020 15:00

81.3

80.7

Friday 11 December 2020 15:00

76.5

81.4

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Michigan Consumer Sentiment Index result:

		Previous	Latest
Pending Home Sales (MoM)	Bearish change	1%	-1.5%
Chicago Purchasing Managers' Index	Bullish change	44	55.8
Core Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.3%	0.2%
Core Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.7%	3.5%
Initial Jobless Claims	Bearish change	211K	218K
Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.4%	0%
Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.4%	3%
Personal Income (MoM)	Bearish change	0.4%	0.2%
Personal Spending	Bearish change	0.7%	0.2%
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.4%	2.3%
Gross Domestic Product Annualized	Bullish change	4.9%	5.2%
Gross Domestic Product Price Index	(no change)	3.5%	3.5%
Personal Consumption Expenditures Prices (QoQ)	Bearish change	2.9%	2.8%
Housing Price Index (MoM)	(no change)	0.6%	0.6%
New Home Sales Change (MoM)	Bearish change	8.6%	-5.6%
S&P Global Composite PMI	(no change)	50.7	50.7
S&P Global Manufacturing PMI	Bearish change	50	49.4
S&P Global Services PMI	Bullish change	50.6	50.8
UoM 5-year Consumer Inflation Expectation	(no change)	3.2%	3.2%
Durable Goods Orders	Bearish change	4.6%	-5.4%
Durable Goods Orders ex Defense	Bearish change	5.7%	-6.7%
Durable Goods Orders ex Transportation	Bearish change	0.4%	0%
Initial Jobless Claims	Bullish change	233K	209K
Nondefense Capital Goods Orders ex Aircraft	Bearish change	0.5%	-0.1%
Existing Home Sales Change (MoM)	Bearish change	-2.2%	-4.1%
Building Permits (MoM)	Bullish change	1.471M	1.487M
Housing Starts (MoM)	Bullish change	1.346M	1.372M

About Michigan Consumer Sentiment Index

Country:	United States
Currency:	USD
Source:	University of Michigan
Category:	Consumption
Frequency:	Monthly

Related events

	Australia		Retail Sales s.a. (MoM)
	Canada		Retail Sales (MoM)
	China		Retail Sales (YoY)
	Germany		Retail Sales (YoY)
	Eurozone		Retail Sales (YoY)
	New Zealand		Retail Sales (QoQ)
	United States		Retail Sales (MoM)
	United States		Retail Sales Control Group
	Australia		Westpac Consumer Confidence
	Australia		Retail Sales (QoQ)
	Canada		Retail Sales ex Autos (MoM)
	Switzerland		Real Retail Sales (YoY)
	Germany		Retail Sales (MoM)
	Germany		Gfk Consumer Confidence Survey
	Eurozone		Consumer Confidence
	Eurozone		Retail Sales (MoM)
	Japan		Large Retailer Sales
	Japan		Overall Household Spending (YoY)
	Japan		Retail Trade s.a (MoM)
	Japan		Retail Trade (YoY)
	New Zealand		ANZ – Roy Morgan Consumer Confidence
	New Zealand		Retail Sales ex Autos (QoQ)
	New Zealand		Westpac Consumer Survey
	United Kingdom		BRC Like-For-Like Retail Sales (YoY)
	United Kingdom		Retail Sales ex-Fuel (MoM)
	United Kingdom		GfK Consumer Confidence
	United Kingdom		Retail Sales (MoM)
	United Kingdom		Retail Sales ex-Fuel (YoY)
	United Kingdom		Retail Sales (YoY)
	United States		Consumer Confidence
	United States		Retail Sales ex Autos (MoM)
	United States		UoM 5-year Consumer Inflation Expectation
	United States		Personal Consumption Expenditures Prices (QoQ)
	United States		Core Personal Consumption Expenditures (QoQ)
	United States		Personal Spending

Calendar - Michigan Consumer Sentiment Index - United States

Michigan Consumer Sentiment Index

Most recent - Wednesday 22 November 2023 15:00

Next event - Friday 8 December 2023 15:00

Trading range

Trading range after each Michigan Consumer Sentiment Index event

Forecast history

Past events

Economic context

About Michigan Consumer Sentiment Index

Related events