Consumer Confidence - US
Prelim UoM Consumer Sentiment US
Consumer Sentiment Falls Below 90 Points
Starts Friday, September 13, 2019 at 14:00
Updated Friday, September 13, 2019
The US consumer sentiment has been on a slowly declining trend. The UoM consumer confidence peaked above 100 in September. Although, in December it posted a steep decline of around 7 points, from 98.75 to 90.7 points. That might be a result of the US government shutdown which was the longest in history, leaving around 800,000 federal workers without a paycheck. Although, the confidence grew in February to 95.5 points, which was revised down to 93.8 points. This month though, UoM consumer confidence jumped higher to 97.8 points from 93.8 points. The sentiment deteriorated a bit further in June, but it May it improved slightly coming at 100 points. But the weakening trend resumed and last month we saw a big fall to 92.1 points, which was revised lower to 89.8 points this week. Please follow us for live coverage of this event by experienced market analysts.
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About Prelim UoM Consumer Sentiment US
It's delivered by the University of Michigan. Consumer confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity. Survey of about 5,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation. There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact.