2014 Economic Calendar
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Consumer Sentiment
Released On 1/31/2014 9:55:00 AM For Jan, 2014
PriorConsensusConsensus RangeActual
Sentiment Index - Level80.4 81.0 79.4  to 84.0 81.2 

Highlights
Consumer sentiment did improve the last two weeks, to a final January reading of 81.2 vs 80.4 at mid-month, but ends up a little bit short of December's final reading of 82.5. The current conditions component, which offers an indication on month-to-month activity, ends January at 96.8 which, again, comes up a bit short vs December's 98.6. The same is true of the expectations component, ending January at 71.2 vs December's 72.1. Inflation expectations are steady, at plus 3.1 percent for the 1-year outlook and at plus 2.9 percent for the 5-year outlook.

Market Consensus before announcement
The Reuter's/University of Michigan's consumer sentiment index for early January was down 3.4 points to 95.2. The expectations component of the report was also down, 1.2 points lower to 70.9. This reading has been flat for nearly two years, often hovering in the high 60s area and unable approach 80 which is a level consistent with strong economic growth.

Definition
The University of Michigan's Consumer Survey Center questions 500 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 inflation and employment conditions. However, consumers are also impacted by current events such as bear & bull markets, geopolitical events such as war and terrorist attacks. Investors monitor consumer sentiment because it tends to have an impact on consumer spending over the long run (although not necessarily on a monthly basis.)
 

 

2014 Release Schedule
Released On: 1/171/312/142/283/143/284/114/255/165/306/136/277/188/18/15
Release For: JanJanFebFebMarMarAprAprMayMayJunJunJulJulAug
 
Released On: 8/299/129/2610/1710/3111/1411/2612/1212/23
Release For: AugSepSepOctOctNovNovDecDec
 


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