2017 Economic Calendar
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Consumer Sentiment  
Released On 10/27/2017 10:00:00 AM For Oct(f), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level101.1 101.0 98.0  to 103.5 100.7 

Highlights
Consumer sentiment held steady and very strong over the last two weeks as consumer sentiment, after a 101.1 showing for preliminary October, ends the month at 100.7. Strength is evenly split between expectations, at 90.5 for a 6.1 point gain from September, and current conditions, at 116.5 for a 4.8 point gain. This is the best showing for this report in nearly 14 years.

Personal finances are near record levels reflecting gains for personal income as well as strength in home and stock values. The report says consumers are unusually optimistic on the economy, expecting good times during the year ahead and over the next 5 years as well and without interruption.

But inflation expectations remain very low, at 2.4 percent for the 1-year outlook which is down a steep 3 tenths from September and unchanged at 2.5 percent for the 5-year outlook. The report notes that low inflation rates together with high employment make low rates of income growth acceptable.

Though consumer spending has remained in the moderate category, strong confidence has been the most striking element of the 2017 economy.

Recent History Of This Indicator
The consumer sentiment index burst higher in mid-month October to 101.1 for the best showing in 13 years. Full employment is a main factor boosting confidence while low rates of inflation are helping purchasing power. Inflation readings in this report have been unusually weak, at only 2.3 percent for the year-ahead outlook. Despite a wide range of estimates, Econoday's consensus is for little change in final October, at 101.0.

Definition
The University of Michigan's Consumer Survey Center questions 500 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
 
[Chart]
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
 


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