2018 Economic Calendar
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Consumer Sentiment  
Released On 8/17/2018 10:00:00 AM For Aug(p), 2018
PriorConsensusConsensus RangeActual
Sentiment Index - Level97.9 97.9 96.0  to 99.0 95.3 

Highlights
A big downshift in the perception of auto and home prices headlines a soft consumer sentiment report where the preliminary August index fell to 95.3 which is well below consensus and also below the low estimate. This is the softest result since September last year.

August's weakness is centered in the bottom third of the sample's income distribution with buying conditions for large household durables at a 4-year low and pricing perceptions at a 10-year high. Buying conditions for vehicles are also at a 4-year low with pricing perceptions the most unfavorable since 1984.

Yet despite these price concerns, inflation expectations are steady: unchanged at 2.9 percent for the year-ahead outlook and up only 1 tenth for the 5-year outlook to 2.5 percent.

Other readings include no change for the expectations index, at 87.3, and a nearly 7 point decline in current conditions to 107.8. Note that weakness in August current conditions offers a hint for weakness in August consumer spending.

Consensus Outlook
The consumer sentiment index has been holding at high levels and accelerated in the last two weeks of July. The consensus for preliminary August is 97.9 which would be unchanged from July's 97.9.

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 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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