2017 Economic Calendar
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Consumer Sentiment  
Released On 11/22/2017 10:00:00 AM For Nov(f), 2017
PriorConsensusConsensus RangeActual
Sentiment Index - Level97.8 98.1 96.2  to 100.0 98.5 

Highlights
Consumer sentiment edged higher from mid-month but down slightly from October, closing out November at a very solid 98.5. This report, like other confidence readings, has been holding steady at expansion highs all year. The report notes strong certainty among consumers for gains in income and employment and also, and this is a problem for FOMC policy makers, unusual certainty that inflation will remain very low, at 2.5 percent for the year-ahead outlook and 2.4 percent of the 5-year outlook.

Looking at components, current conditions end November at 113.5 which is slightly below October's 116.5. This is a marginal loss but still doesn't point to acceleration for consumer spending which is important given the start of holiday shopping. The expectations index also edged lower to 88.9.

Recent History Of This Indicator
The consumer sentiment index edged back in the preliminary November report to a 97.8 level that remains historically very high. Inflation expectations improved in the report as expectations for wage growth hit an expansion high. Econoday's consensus for preliminary November is for little change, at 98.1.

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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