2018 Economic Calendar
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Consumer Sentiment  
Released On 7/27/2018 10:00:00 AM For Jul(f), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level97.1 97.1 97.0  to 98.5 97.9 

Consumer sentiment ends July at 97.9 which is down 3 tenths from June but more immediately is up 8 tenths from the mid-month flash to imply a reading over the last two week closer to 99. Expectations, which sank during the trade-war build up in June, bounced 1.0 point higher in July to 87.3. Current conditions, however, slipped back 2.1 points to 114.4 in what may hint at less robust consumer spending in July.

A major positive in the report is a decrease in price data, a relief following the price surge in this morning's GDP report. Year-ahead inflation expectations are down 1 tenth from June to 2.9 percent with the 5-year rate down 2 tenths to 2.4 percent.

This is good report pointing to a healthy consumer who, unlike Federal Reserve policy makers perhaps, is not concerned about inflation.

Consensus Outlook
The consumer sentiment index has been easing back and no rebound is expected for final July, at a consensus 97.1 which would be unchanged from the preliminary reading.

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
Consumer sentiment is mainly affected by employment conditions but bear-or-bull markets can also have an impact as well as national and global events. Sentiment is watched as a long- run barometer for consumer spending.

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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