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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.

Most recent - Wednesday 22 November 2023 15:00

Previous
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

Previous
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
63.8
Friday 13 October 2023 14:00
67.4
63
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
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
60
63.9
Friday 26 May 2023 14:00
57.7
59.2
Friday 12 May 2023 14:00
63
57.7
Friday 28 April 2023 14:00
63.5
63.5
Friday 14 April 2023 14:00
62
63.5
Friday 31 March 2023 14:00
63.2
62
Friday 17 March 2023 14:00
67
63.4
Friday 24 February 2023 15:00
66.4
67
Friday 10 February 2023 15:00
65
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
55
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
59.8
Friday 30 September 2022 14:00
59.5
58.6
Friday 16 September 2022 14:00
60
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
50
Friday 10 June 2022 14:00
58
50.2
Friday 27 May 2022 14:00
59.1
58.4
Friday 13 May 2022 14:00
64
59.1
Friday 29 April 2022 14:00
65.7
65.2
Thursday 14 April 2022 14:00
59
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
70
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
71
72.8
Friday 17 September 2021 14:00
72.2
71
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
84
86.4
Friday 28 May 2021 14:00
82.9
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
83
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
79
Friday 15 January 2021 15:00
80
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:

PreviousLatest
Pending Home Sales (MoM)Bearish change1%-1.5%
Chicago Purchasing Managers' IndexBullish change4455.8
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change3.7%3.5%
Initial Jobless ClaimsBearish change211K218K
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.4%0%
Personal Consumption Expenditures - Price Index (YoY)Bearish change3.4%3%
Personal Income (MoM)Bearish change0.4%0.2%
Personal SpendingBearish change0.7%0.2%
Core Personal Consumption Expenditures (QoQ)Bearish change2.4%2.3%
Gross Domestic Product AnnualizedBullish change4.9%5.2%
Gross Domestic Product Price Index(no change)3.5%3.5%
Personal Consumption Expenditures Prices (QoQ)Bearish change2.9%2.8%
Housing Price Index (MoM)(no change)0.6%0.6%
New Home Sales Change (MoM)Bearish change8.6%-5.6%
S&P Global Composite PMI(no change)50.750.7
S&P Global Manufacturing PMIBearish change5049.4
S&P Global Services PMIBullish change50.650.8
UoM 5-year Consumer Inflation Expectation(no change)3.2%3.2%
Durable Goods OrdersBearish change4.6%-5.4%
Durable Goods Orders ex DefenseBearish change5.7%-6.7%
Durable Goods Orders ex TransportationBearish change0.4%0%
Initial Jobless ClaimsBullish change233K209K
Nondefense Capital Goods Orders ex AircraftBearish change0.5%-0.1%
Existing Home Sales Change (MoM)Bearish change-2.2%-4.1%
Building Permits (MoM)Bullish change1.471M1.487M
Housing Starts (MoM)Bullish change1.346M1.372M

About Michigan Consumer Sentiment Index

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