UoM Consumer Sentiment US
Event Date: Friday, June 11, 2021
Event Time: 14:00 CET
Updated Thursday, June 10, 2021
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. Although 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 to82.9 points and its expected to improve in June to 84.1 points. 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.