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 10 May 2024 14:00

Previous
77.2
Forecast
76
Actual
67.4

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

Next event - Friday 24 May 2024 14:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

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 67.4 against a forecast of 76.

Past events

Date
Forecast
Actual
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
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

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
Existing Home Sales Change (MoM)Bullish change-3.7%-1.9%
Industrial Production (MoM)Bearish change0.1%0%
Building Permits (MoM)Bearish change1.467M1.44M
Housing Starts (MoM)Bullish change1.287M1.36M
Initial Jobless ClaimsBullish change232K222K
Philadelphia Fed Manufacturing SurveyBearish change15.54.5
Consumer Price Index (MoM)Bearish change0.4%0.3%
Consumer Price Index (YoY)Bearish change3.5%3.4%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.4%0.3%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.8%3.6%
NY Empire State Manufacturing IndexBearish change-14.3-15.6
Retail Sales (MoM)Bearish change0.6%0%
Retail Sales Control GroupBearish change1%-0.3%
Retail Sales ex Autos (MoM)Bearish change0.9%0.2%
Producer Price Index (MoM)Bullish change-0.1%0.5%
Producer Price Index (YoY)Bullish change1.8%2.2%
Producer Price Index ex Food & Energy (YoY)Bullish change2.1%2.4%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.1%0.5%
Monthly Budget StatementBullish change$-236B$210B
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Initial Jobless ClaimsBearish change209K231K

About Michigan Consumer Sentiment Index

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

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