2014 Economic Calendar
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Consumer Sentiment
Released On 2/28/2014 9:55:00 AM For Feb, 2014
PriorConsensusConsensus RangeActual
Sentiment Index - Level81.2 81.5 80.5  to 84.0 81.6 

Highlights
Consumer sentiment has held steady through this winter's heavy weather. The composite index for February is 81.6, little changed from the 81.2 readings for both mid-month February and final January.

The current conditions component, which offers an indication on monthly consumer activity, is slightly lower, at 95.4 vs January's 96.8. The expectations component is slightly higher, at 72.7 for February vs 71.2 for January.

Despite this month's jump in gas prices, inflation expectations remain mostly steady, up 1 tenth for the 1-year outlook to 3.2 percent and unchanged for the 5-year outlook at 2.9 percent.

This report, together with the consumer confidence report issued earlier this month, point to consumer resilience, perhaps setting up a bounce higher when temperatures warm back up. The Dow got a lift following this report.

Recent History Of This Indicator
The Reuter's/University of Michigan's consumer sentiment index remained steady in early February as a weather-related dip in current conditions was offset by a rise in expectations. The composite index was at a higher-than-expected 81.2 for the mid-February reading, unchanged from final January and up 8 tenths from mid-January. The present situation component, which is an important component that offers an early reading on how February is shaping up vs January, slipped 2.8 points from final January to 94.0. The expectations component was up 1.8 points from final January to 73.0 which is the highest reading since August.

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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