UoM Consumer Sentiment US
Event Date: Friday, December 8, 2023
Event Time: 15:00 CET
Updated Friday, December 8, 2023
In April 2020 the UoM consumer sentiment fell to 71.0 points due to the lock-downs and it only improved slightly to 72.3 points in May. It improved further to 78.1 points in June, but slowed in July and August. However, in September the sentiment picked up again to 80.4 points, while in October it increased further to 81.8%. In November though, this indicator fell to 76.9 points, while it was expected to decline further to 76.1 points. But it jumped to 81.4 points in the first reading for December. We saw a cool-off in January and February but the sentiment improved in March and April while in May it cooled off to 82.9 points while it improved to 86.4 points in June and it's expected at 86.5 points in the second reading. In July we saw another cool-off to 81 points, while in August the sentiment took a dive to 70 points. But September increased and was revised higher as well. In July sentiment jumped higher, but in August it came in softer and it is expected to soften further in September. Please follow us for live coverage of this event by experienced market analysts.
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About 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.