2018 Economic Calendar
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Consumer Sentiment  
Released On 1/19/2018 10:00:00 AM For Jan(p), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level95.9 97.0 95.3  to 99.0 94.4 

Highlights
Consumer sentiment continues to edge back, to an index level of 94.4 for preliminary January in the softest showing in six months. Weakness in the report is in the current conditions component which is down more than 4-1/2 points to 109.2 for a 15-month low. This hints at weakness for not only consumer spending in January but also perhaps for the labor market and the January employment report.

But there are positives as the expectations component is steady at a very healthy 84.4. And inflation expectations are moving in the right direction, however slowly. Year-ahead expectations are up 1 tenth to 2.8 percent from final December which matches December's preliminary reading as the best showing in nearly two years. Five-year inflation expectations are also up 1 tenth, to 2.5 percent.

January's indications are not that positive from today's sentiment report which however has consistently shown over the last year less consumer enthusiasm than either the monthly consumer confidence report or the weekly consumer comfort index which are both near 17-year highs.

Consensus Outlook
Though the consensus is up for January, consumer sentiment did slow noticeably in December especially toward the end of the month. Expectations were December's weakness offset only in part by a positive assessment of current conditions and much welcome improvement in inflation expectations. Econoday's consensus for the preliminary January consumer sentiment index is 97.0 which would compare with 95.9 in December and 98.5 in November.

Definition
The University of Michigan's Consumer Survey Center questions 600 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.]
 
 

2018 Release Schedule
Released On: 1/192/22/163/23/163/294/134/275/115/256/156/297/137/278/17
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/319/149/2810/1210/2611/911/2112/712/21
Release For: AugSepSepOctOctNovNovDecDec
 


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