2018 Economic Calendar
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Consumer Sentiment  
Released On 4/13/2018 10:00:00 AM For Apr(p), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level101.4 101.0 99.0  to 102.0 97.8 

Highlights
Consumer sentiment came in below the low estimate, at 97.8 for the preliminary April index. Expectations fell 1.2 points to 86.8 but the easing so far this month is centered in current conditions which are now at 115.0 and well off the extremely strong 121.2 of March. The decline in current conditions hints at trouble for April consumer spending and may be, like weekly jobless claims, an early negative signal on the month's labor market.

Inflation expectations had been inching higher but are now stepping back, at 2.7 percent for the year-ahead outlook and 2.4 percent for the 5-year which are both down 1 tenth in the month.

Though very strong in March, this report had been lagging other confidence readings which limits the impact of today's results.

Consensus Outlook
The consumer sentiment index for preliminary April is expected to come in at 101.0 vs March's 14-year high of 101.4. The current conditions component, driven by strong assessments from lower income respondents, posted a record 121.2 in March, in contrast to a tick lower for the expectations component which fell to 88.8 and reflected softer income prospects among the high income bracket. Inflation expectations in this report have been moving higher but very slowly.

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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