2018 Economic Calendar
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Consumer Sentiment  
Released On 2/2/2018 10:00:00 AM For Jan(f), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level94.4 95.0 94.4  to 96.0 95.7 

Highlights
Consumer sentiment has shot higher the last 2 weeks as January's final reading comes in at 95.7, which is at the high end of Econoday's forecast range and up a very sizable 1.3 points from the mid-month preliminary reading. Today's gain implies a 2-week run at roughly 97 which would match recent levels for this index in November and October.

But the strength is in future expectations which nevertheless leaves this component at a year-on-year decline of 4.4 percent. The component for current conditions fell in the month which is a reminder of yesterday's weakness in unit auto sales and which is also not positive for the January retail sales report. Year-on-year, current conditions are down 0.7 percent. Inflation expectations are steady, unchanged at 2.7 percent for the year-ahead outlook and up 1 tenth to 2.5 percent for the 5-year outlook.

The year-on-year rates in this report, headlined by a 2.8 percent decline for the overall index, contrast sharply with the 12.4 percent annual increase in Tuesday's consumer confidence index. Though more subdued than other consumer readings, the late-month bounce in today's sentiment report, despite the hint of weakness for January spending, echoes the strength of this morning's jobs report.

Consensus Outlook
Consumer sentiment continued to edge back in the preliminary January index, to 94.4 in what was the softest showing in six months. Weakness was in the current conditions component which fell more than 4-1/2 points to 109.2 for a 15-month low and what hints at weakness for January consumer spending. Econoday's consensus for the final January consumer sentiment index is 95.0.

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.]
 
 

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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