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 - Friday 22 November 2024 15:00

Previous
73
Forecast
73.7
Actual
71.8

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

Next event - Friday 6 December 2024 15:00

Previous
71.8
Forecast
73
Actual
-

The typical/expected impact on USD pairs is high.

The consensus forecast for Michigan Consumer Sentiment Index is 73. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Michigan Consumer Sentiment Index was 71.8 against a forecast of 73.7.

Past events

Date
Forecast
Actual
Friday 22 November 2024 15:00
73.7
71.8
Friday 8 November 2024 15:00
71
73
Friday 25 October 2024 14:00
69
70.5
Friday 11 October 2024 14:00
70.8
68.9
Friday 27 September 2024 14:00
69.3
70.1
Friday 13 September 2024 14:00
68
69
Friday 30 August 2024 14:00
68
67.9
Friday 16 August 2024 14:00
66.9
67.8
Friday 26 July 2024 14:00
66
66.4
Friday 12 July 2024 14:00
68.5
66
Friday 28 June 2024 14:00
65.8
68.2
Friday 14 June 2024 14:00
72
65.6
Friday 24 May 2024 14:00
67.5
69.1
Friday 10 May 2024 14:00
76
67.4
Friday 26 April 2024 14:00
77.8
77.2
Friday 12 April 2024 14:00
79
77.9
Thursday 28 March 2024 14:00
76.5
79.4
Friday 15 March 2024 14:00
76.9
76.5
Friday 1 March 2024 15:00
79.6
76.9
Friday 16 February 2024 15:00
80
79.6
Friday 2 February 2024 15:00
78.9
79
Friday 19 January 2024 15:00
70
78.8
Friday 22 December 2023 15:00
69.4
69.7
Friday 8 December 2023 15:00
62
69.4
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

Economic context

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

PreviousLatest
JOLTS Job OpeningsBullish change7.372M7.744M
ISM Manufacturing Employment IndexBullish change44.448.1
ISM Manufacturing New Orders IndexBullish change47.150.4
ISM Manufacturing PMIBullish change46.548.4
ISM Manufacturing Prices PaidBearish change54.850.3
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.1%2.3%
Personal Income (MoM)Bullish change0.3%0.6%
Personal SpendingBearish change0.6%0.4%
Pending Home Sales (MoM)Bearish change7.5%2%
Chicago Purchasing Managers' IndexBearish change41.640.2
Core Personal Consumption Expenditures (QoQ)Bearish change2.2%2.1%
Durable Goods OrdersBullish change-0.4%0.2%
Durable Goods Orders ex DefenseBullish change-0.9%0.4%
Durable Goods Orders ex TransportationBearish change0.4%0.1%
Gross Domestic Product Annualized(no change)2.8%2.8%
Gross Domestic Product Price IndexBullish change1.8%1.9%
Nondefense Capital Goods Orders ex AircraftBearish change0.3%-0.2%
Personal Consumption Expenditures Prices (QoQ)(no change)1.5%1.5%
Initial Jobless ClaimsBullish change215K213K
New Home Sales Change (MoM)Bearish change7%-17.3%
Housing Price Index (MoM)Bullish change0.4%0.7%
UoM 5-year Consumer Inflation ExpectationBullish change3.1%3.2%
S&P Global Composite PMIBullish change54.155.3
S&P Global Manufacturing PMIBullish change48.548.8
S&P Global Services PMIBullish change5557
Existing Home Sales Change (MoM)Bullish change-1.3%3.4%
Initial Jobless ClaimsBullish change219K213K
Philadelphia Fed Manufacturing SurveyBearish change10.3-5.5

About Michigan Consumer Sentiment Index

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